Intern - Derivates, FX Derivatives (Spring 2027, Jan to Jun)

SGX Group Internship Program – FX Derivatives

SGX is Asia’s leading and trusted securities and derivatives market infrastructure, operating equity, fixed income, currency, and commodity markets to the highest regulatory standards. SGX also operates a multi-asset sustainability platform, SGX FIRST (Future in Reshaping Sustainability Together), and is committed to facilitating economic growth in a sustainable manner. With climate action as a key priority, SGX aims to be a leading sustainable and transition financing and trading hub, offering trusted, quality, end-to-end products and solutions.

As Asia’s most international, multi-asset exchange, SGX provides listing, trading, clearing, settlement, depository, and data services, with about 40% of listed companies and over 80% of listed bonds originating outside of Singapore. SGX is headquartered in AAA-rated Singapore and is globally recognised for its risk management and clearing capabilities.

Interns are immersed in real-time work from Day 1 and gain insights into the Exchange business and the finance value chain. Note: Leave of Absence (LOA) may be required to take on the internship.

Unit/Team Overview

This unit has global responsibilities for the FX, Rates & Crypto business, including product development, marketing, and product management. It is involved in developing and deploying key strategies across all geographies and driving the sales plan to achieve goals.

What the Intern Can Learn

• Develop an in-depth understanding of FX market microstructure, marketplace dynamics, and competition
• Data mine daily trading volume and open interests; map opportunities for cross-selling
• Produce regular weekly and monthly write-ups on the FX market
• Conduct market and liquidity analysis by evaluating volumes, open interest (OI), volatility, and performing competitive analysis across DEX, CEX venues, and competing regulated exchanges
• Perform funding rate optimization and analytics by analyzing and optimizing perpetual funding rate parameters; use quantitative analysis to assess impacts on position holders, market makers, and flow
• Gain exposure to sales and marketing through conferences and promotional events
• Analyse customer segments’ trading patterns and behaviour

Job Description

• Assist in market microstructure analysis and SWOT review for both FX and Crypto Derivatives
• Support end-of-day Daily Settlement Price derivation analysis
• Help produce marketing material and pitch research
• Assist with weekly and monthly write-ups of global macro drivers and FX market performance
• Participate in selected FX sales and marketing events
• Support eDM distribution and SGX FX website publication and updates
• Help prepare the FX sales pipeline for a weekly business meeting
• Support business analytics involving clients, geographies, products, and performance

Knowledge and Skill Requirements

• Detail-oriented with good analytical skills
• Good command of English and/or Mandarin will be useful
• Good Excel skills (including Power Pivot), with a focus on data and attention to detail
• VBA skills are preferable
• Experience or working knowledge of Bloomberg, preferably including Bloomberg Excel tools
• SQL skills will be useful, although not a must
• Interest in global markets (FX, Rates, Crypto, and general macroeconomics)