Singapore-based Asia Pacific Exchange (APEX) has gone live on new operating technology from Cinnober Group, including the firm’s real-time clearing solution TRADExpress and the Irisium surveillance platform.

The first contract to trade on APEX is the USD-denominated physically-delivered Palm Olein Futures contract. Other products that the exchange plans to offer include futures and options contracts covering both commodity and financial derivatives products, including agriculture, energy, petrochemical, metal, interest rates and stock indices.

“APEX’s vision is to establish itself as an exchange that will be the Asian centre for price benchmarks to be referenced by global market participants,” said Eugene Zhu Yuchen, APEX founder and CEO.

“A fair and orderly market reflects genuine demands and supplies. We believe that through the close cooperation with Cinnober and Irisium, APEX is able to provide a fair, transparent and regulated trading venue to all participants.”

“We are very proud to now be live with our real-time clearing solution and surveillance platform also in Singapore,” said Veronica Augustsson, CEO of Cinnober Group.

“It’s a pleasure and privilege to be part of APEX setting up of a new derivatives market, and being able to contribute with our real-time technology and joint expertise and know-how across Cinnober and Irisium within post-trade services and market surveillance.”

APEX is Singapore’s third derivatives exchange after Singapore Exchange Ltd and Intercontinental Exchange. At launch, APEX had six clearing members. APEX Clear is established in accordance with international standards.

by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: