Singapore Exchange Limited announced that its SGX Commodities unit has been named Commodity Exchange of the Year at the Energy Risk Asia Awards 2025.

The accolade follows a period of record activity. For the financial year from Jul, 2024 to Jun, 2025, volume in the flagship 62% iron-ore contract reached 5.7 billion metric tons—about four times the underlying physical market—and the contract was added to the Dow Jones Commodity Index. Trade-at-Settlement functionality was also introduced.

During the same period, petrochemical derivatives volumes grew more than 70%, and the SICOM rubber contract accounted for 90% of international trading with daily notional values above US$100 million. The exchange expanded its freight offering with new contracts and saw increased adoption of its “Virtual Steel Mill” and “Virtual Electric Vehicle” hedging ecosystems.

Head of Commodities William Chin said the exchange will continue to enhance benchmark contracts and develop solutions to support global commodities markets.