Asia Pacific Exchange (APEX)

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Asia Pacific Exchange (APEX)
Apex logo.png
Headquarters Singapore
Key People Eugene Zhu Yuchen, CEO
Products Commodity and financial futures
Website www.asiapacificex.com

The Asia Pacific Exchange (APEX), Singapore's third derivatives exchange, began trading on May 25, 2018 with the launch of palm olein futures. The mainly China-backed exchange also offers contracts crude palm oil, USD/RMB and fuel oil. [1]

APEX's major shareholders include the Chinese conglomerate CEFC China Energy and holds a 20 percent stake, Chinese futures commission merchant Hong Kong Xinhu Investment Co. and Shanghai Chaos Investment. APEX CEO Eugen Zhu is also an investor.[2]

APEX’s product plans include futures and options contracts in both commodity and financial derivatives products, on agriculture, energy, petrochemicals, metals, foreign exchange, interest rates, bonds and stock indices. It is committed to supporting the “One Belt One Road” initiative focusing on connectivity and cooperation between Eurasian countries. [3]

The exchange was ranked 40th by volume globally with 8.5 million contracts traded in 2018, according to the FIA Annual Volume Survey.[4]

Products

APEX's palm olein futures are US dollar-denominated and physically settled on a Free on Board (FOB) basis at Pasir Gudang and Port Klang in Malaysia, while in Indonesia, they are for delivery at Belawan and Dumai ports. China is the world's No.2 buyer of palm oil, with the commodity making up about 70 percent of its edible oil imports.

Annual Volumes

Key People


References

  1. New Singapore Exchange Kicks Off Trading With Palm Oil Futures. thestar.com.my.
  2. Singapore's 3rd derivatives exchange Apex to start trading on May 25. APEX press release.
  3. Overview. Asia Pacific Exchange.
  4. 2018 Annual Volume Survey. Futures Industry.org.
Year Total Annual Volume Percent Change
2018 8,523,228