KGI To Launch Platform in Singapore

KGI Securities will launch its KGI MaxxTrader’s e-FX pricing and trading engine, which is a white label solution provided by FlexTrade Systems, in Singapore.

KGI Securities says it has made the launch in support of the Monetary Authority of Singapore’s (MAS) vision for Singapore to connect global markets, support Asia’s development, and serve the economy. The pricing engine is expected to go live in the last quarter of 2020 and will offer e-FX trading for all the products KGI offers to clients such as FX spot, forward, swaps, NDFs, Metals and CFDs with orders getting matched locally at SG1.

“We have seen our e-FX trading volumes grow exponentially over the years,” says Ken Ong, head of financial market services, director at KGI Securities (Singapore). “With the new electronic FX hub, our clients can gain better access to liquidity, more efficient price discovery and faster trade execution. Working on this initiative accentuates Singapore’s focus on improving market efficiency and growth in the region.”

Colin Lambert

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