StanChart to become third bank to set up Singapore pricing engine
UK bank’s e-FX pricing engine in 2020 could consolidate Singapore’s position as Asia’s FX centre
Standard Chartered has said it will set up an electronic currency pricing and trading engine in Singapore in early 2020, after Citi and UBS announced plans to do so later this year.
Set to go live in the first quarter of 2020, StanChart said the new Singapore FX e-trading infrastructure will provide clients in the region with more convenient access to liquidity.
“E-trading take-up rates are very high amongst our clients,” says Michele Wee, head of financial markets for Singapore, Australia and
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