Singapore Exchange (SGX) has said it will launch a bond trading platform before the middle of 2015.
The exchange has established a subsidiary, SGX Bond Trading. to run the platform, which initially will trade Asian corporate bonds denominated in US dollar, yen and euro, with Asian local currencies following later. It will incorporate high-yield and investment-grade bonds.
SGX has organised a steering committee that contains Asian fixed income dealers and this will hold a series of meetings before the platform launches.
A contract has been signed with deal TradingScreen to become the technology platform provider.