SGX launches new Clob for FX spot and NDFs
CurrencyNode to tap into new matching engines in Singapore, and eventually will look to offer futures-spot spreads
The Singapore Exchange (SGX) has launched a new anonymous electronic communications network (ECN) for trading spot foreign exchange and non-deliverable forwards (NDFs), as it attempts to tap into the growing pool of market-makers building matching engines in the city-state.
CurrencyNode will be headquartered in Singapore’s SG1 data centre, offering a central limit order book (Clob) with firm and non-firm liquidity. It will use a central prime broker model and will initially go live with two FX
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