With the uptick in Asian currency trading and the growth of electronic trading, Singapore’s regulator is working with the financial industry to build an FX trading hub and expand FX market infrastructure, a move to improve liquidity and price discovery during Asian trading hours.
Singapore Spurs Development of FX Trading Hub & Ecosystem
With the uptick in Asian currency trading and the growth of electronic trading, Singapore’s regulator is working with the financial industry to build an FX trading hub and expand FX market infrastructure, a move to improve liquidity and price discovery during Asian trading hours.
The Monetary Authority of Singapore (MAS) is offering financial incentives to major banks and non-bank liquidity providers that agree to build matching engines and pricing engines in the country, reported Bloomberg on April 24 in “Shaving Milliseconds Off Currency Trades Could Make Singapore Billions.” The regulator has consulted with major forex players, encouraging them to build systems in the Southeast Asian nation to reduce the latency caused by routing trades to Tokyo or London.
FlexTrade is a global leader in broker-neutral, execution and order management trading systems for equities, FX, options, futures and fixed income. A pioneer in the field, FlexTrade introduced the first trading system that allowed clients to control and customize their proprietary algorithms while maintaining the confidentiality of their trading strategies. Change is the only constant in electronic trading. That's why FlexTrade is continuously upgrading its products and services. All can be tailored to meet the demanding requirements of a global client base of more than a 225 buy- and sell-side firms.
| CONTACT Sales sales@flextrade.com 516-627-8993 |
| Company Website |
| Company Blog |
| Newsletter |
| Google + |