SGX FX to bring its market data on-chain
The initial phase of the Chainlink integration will span spot and one-month forward rates across major G10, Asian and emerging market currency pairs.
The initial phase of the Chainlink integration will span spot and one-month forward rates across major G10, Asian and emerging market currency pairs.
Collaboration integrates RMB liquidity into SGX FX infrastructure to enhance pricing and execution across African FX markets.
The platform aims to provide firms with institutional-grade datasets, which allow them to retain full control over what they publish; SGX FX, OTC Markets Group and Exchange Data International (EDI) are also joining as proprietary market data publishers.
The move is set to boost FX price formation for the exchange, and support Singapore Exchange (SGX) FX’s clients in accessing liquidity.
The combination is set to meet growing demands for efficiency in the space and enhance global FX market connectivity.
The past week saw appointments across foreign exchange, liquidity management and data strategy, and trading, as well as an announcement of a key senior departure.
Incoming individual previously led the launch of EBS Direct into a new bilateral FX trading venue – which is now owned by CME Group.
With Rand Merchant Bank as the newest liquidity provider on SGX FX, traders will benefit from a selection of neutral mid, inventory skewed USDZAR spot FX Electronic Spot Pricing (ESP), Request for Streams (RFS) and access to FX forwards and swaps through RFS.
Development will help global market participants improve risk management processes across OTC and futures.
New tool gathers FX and digital assets price and trade data before automatically generating actionable insights to a stakeholder for better informed decision-making.