A local version of BARX will be developed by Barclays as part of plans to launch a foreign exchange trading engine in Singapore by mid-2021.
In partnership with Singapore’s regulator, BNY Mellon will build an electronic FX trading infrastructure for pricing and execution.
BNP Paribas follows JP Morgan and Citigroup in establishing an FX pricing and trading engine in Singapore.
Jump Trading joins Standard Chartered, Citi, UBS and XTX Markets in establishing FX pricing and trading engine in Singapore.
FastMatch matching engine is expected to be fully operational in Singapore in the fourth quarter this year.
Citi joins UBS in setting up its eFX trading hub in Singapore with support from the Monetary Authority in Singapore.
ICE Clear Credit is now a recognised clearing house in the country after gaining approval from the Monetary Authority of Singapore.
The Monetary Authority of Singapore and Singapore Exchange developed two Delivery versus Payment capabilities for the settlement of tokenised assets across different blockchain platforms.
MAS and SGX have been among the leaders in promoting the use of blockchain technology in financial markets.
XTX Markets gains support from Monetary Authority of Singapore to set up FX pricing and trading engine.