The Asia Pacific Exchange Pte (APEX), is an international derivatives exchange approved by the Monetary Authority of Singapore. It went live in May 2018 as Singapore's third derivatives exchange after Singapore Exchange Ltd and Intercontinental Exchange.
APEX aims to establish a leading commodity and financial derivatives trading venue, becoming the Asian center for price benchmarks to be referenced by global market participants.
APEX’s independent clearinghouse, Asia Pacific Clear Pte Ltd, runs on Cinnober’s TRADExpress RealTime Clearing, a comprehensive real-time clearing system for OTC and exchange-traded markets. APEX uses the Irisium surveillance platform, to identify and investigate manipulative and suspicious trading behaviours in real-time.
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.