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 in crude, palm oil, USD/RMB and fuel oil. [1]

APEX's major shareholders include the Chinese conglomerate CEFC China Energy, which 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 indexes. It is committed to supporting the “One Belt One Road” initiative focusing on connectivity and cooperation between Eurasian countries. [3]

The exchange was ranked 43rd by volume globally with 4.08 million contracts traded in 2021, according to the Futures Industry Association's Annual Volume Survey.[4]

Products[edit]

APEX's palm olein futures are U.S. 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.

Contract Volume[edit]

Key People[edit]

References[edit]

Year Total Annual Volume Percent Change
2021 4,081,240 (-) 53.74
2020 8.823,345 (-) 31.27
2019 12,837,384 50.62
2018 8,523,228