BNP Paribas has unveiled plans to launch an e-FX pricing and trading hub in Singapore, supporting the bank’s efforts in spot, forwards, swaps, NDFs and options markets as well as in precious and base metals.
In 2017 the local regulator, the Monetary Authority of Singapore (MAS), established what it termed the city state’s Industry Transformation Plan, part of which involved encouraging key FX players to establish an e-FX hub there. Since then a number of banks and trading platforms have opened hubs in Singapore, including Citi, JP Morgan, Jump Liquidity and XTX Markets, as well as EuronextFX.
