Tag: Singapore

Singapore

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 […]

Cappitech Adds Singapore to Trade Reporting Solution

Cappitech says it has extended the regulatory regimes it supports to include the Monetary Authority of Singapore (MAS) OTC derivatives transaction reporting through The Depository Trust & Clearing Corporation (DTCC). Investment firms and Significant Derivative Holders falling under scope of the MAS’ regulation can leverage Cappitech’s transaction reporting technology to automatically transform their data and […]

MAS Unveils SORA Transition Support

The Monetary Authority of Singapore (MAS) has announced several initiatives to support the adoption of the Singapore Overnight Rate Average (Sora), which is administered by MAS. Given Sora’s growing importance as a key interest rate benchmark in Singapore dollar financial markets, MAS explains the initiatives aim to catalyse greater activity in Sora markets, safeguard the […]

InTouch FX Hires Elmer, Dack, for Asian Expansion

Real-time market intelligence firm InTouch Capital Markets has hired two FX market veterans, Todd Elmer and Keith Dack, for its InTouch FX service in Asia. The two new hires will work alongside the firm’s existing teams covering the European and US sessions and allow it to provide analysis on a 24-hour basis. InTouch Capital Markets […]

WM/R at Heart of Singapore Concerns over LSEG, Refintiv Merger

Singapore’s Competition and Consumer Commission (CCCS) says it wants a full, in-depth review of the proposed takeover of Refinitiv by London Stock Exchange Group (LSEG), citing in particular the dominant position of the WM/R FX benchmark as a concern going forward. Based upon information supplied by the parties, the CCCS says it has raised competition […]

Deutsche Locates FX Pricing Engine in Singapore

Deutsche Bank has announced its intention to establish an e-FX hub in Singapore by developing an FX trading and pricing engine onshore, in conjunction with the Monetary Authority of Singapore. This will be the bank’s fourth global FX centre, along with New York, London and Tokyo and is intended to provide clients with the ability to […]

BNY Mellon Latest to Connect to Singapore FX Hub

BNY Mellon has unveiled plans to build a high-performance FX pricing and trading engine in partnership with the Monetary Authority of Singapore (MAS), the latest milestone as the bank continues to enhance its foreign exchange presence in the region. The bank will establish new low-latency electronic FX infrastructure in Singapore, helping to improve execution quality and price […]

LCH Clears First SORA Swap

LCH says it has cleared the first swaps to reference the new Singapore benchmark rate, the Singapore Overnight Rate Average (Sora) – Standard Chartered Bank was party to the first trade. Sora is Singapore’s solution for the global push away from Ibors as reference rates and will replace the existing Singapore Overnight Rate (Sor) and […]

JPM Launches FX Pricing Engine in Singapore

JP Morgan has become the latest FX player to establish an e-FX trading and pricing engine in Singapore as it seeks to speed up execution for clients in the region. It joins a host of trading firms and platforms to set up a presence in the city state as part of a plan announced by […]

In the FICC of It

Trading automation in the non-spot FX world is again firmly in the sights of Colin Lambert and Galen Stops in this week’s podcast, although this time it is in FX options. With SynOption launching in Singapore this week and Digital Vega expanding its capabilities further, they ask, ‘is this the time that the FX options […]