SGX FX and Rand Merchant Bank (RMB) have entered a partnership, set to broaden global market access to African currency liquidity and strengthen distribution across emerging market foreign exchange.
Roger Lee
Under the arrangement, RMB will integrate its liquidity engine into SGX FX’s global infrastructure, providing international participants with access to pricing and execution across a range of African currencies on both deliverable and non-deliverable basis.
SGX FX said the collaboration combines its global distribution network with RMB’s regional FX expertise across Africa, with the aim of improving market access and supporting deeper liquidity in African currencies.
Read more: SGX FX partners with Rand Merchant Bank to enhance opportunities for South African Rand trading
Roger Lee, global head of sales at SGX FX, said: “Africa represents a dynamic and increasingly important region within global FX. RMB’s strong presence across the continent significantly enhances our ability to provide clients with transparent, efficient access to African currencies.”
The partnership is designed to support growing demand from buy-side participants for access to African FX liquidity.
Tim Hutchinson, head of global FX at RMB, said: “By combining RMB’s depth in African markets with SGX FX’s robust distribution capabilities, we are helping to create a seamless link between international investors and the continent. Our focus on innovation, liquidity and client service is aligned, and we look forward to supporting greater participation in African FX.”