Singapore’s e-FX strategy blossoms as Apac competition heats up

Singapore’s strategy to become the premier electronic foreign exchange trading ecosystem in the Asia-Pacific is bearing fruit as an increasing number of major players invest and establish FX infrastructure locally.

JP Morgan, the largest FX bank by turnover, was the latest to announce – at the end of August – that it will set up a matching engine in the country. Meanwhile, Euronext FX (formerly known as FastMatch) is officially launching its own today (September 23) and is the first electronic