SGX launches FX electronic communication network

The prime brokers of the network are BNP Paribas and Deutsche Bank.

The SGX Group has launched its FX electronic communication network, SGX CurrencyNode, that allows the trading of non-deliverable forwards (NDFs).

Through the network, SGX Group said global banks, non-bank liquidity providers, brokers and institutional investors can have access to multiple sources of OTC FX liquidity.

SGX CurrencyNode uses a central prime brokerage model and currently streams liquidity for FX Spot, Precious Metals and NDF.

The SGX Group will soon launch FX Swaps and NDF Spreads in the network.

“This launch is an important step in enhancing the price discovery, efficiency and liquidity for Asian currencies. Our goal is to create a best-in-class FX marketplace that elevates market participants’ access to both OTC and listed futures, aggregating market liquidity and serving all their FX hedging and trading needs with strong efficiency and liquidity,” Lee Beng Hong, head of Fixed Income, Currencies and Commodities (FICC) of SGX Group, said.

Follow the link for more news on

SGX

FX trading

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia