Singapore poised to become Asia’s FX centre as Citi sets up pricing engine
Move by US bank consolidates city-state’s position
Singapore is consolidating its position as Asia’s top foreign exchange trading centre, as Citi joins UBS in setting up an electronic currency pricing and trading engine in the city-state, with the support of its financial regulator and central bank.
Set to go live in the third quarter of 2019, Citi says the trading engine will significantly boost Singapore as an important liquidity hub in the region.
Singapore becomes the US bank’s fourth FX pricing and trading engine location, after Tokyo
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