Banks In Singapore Band Together To Develop Asean Currency Pages

BANKS

A number of banks in Singapore have teamed up to create consolidated, multi-contributor pages of spot and fixing rates in Asean currencies, which is being carried by Dow Jones Telerate and Reuters. The page was created late last year, but according to bank sources, is beginning to receive a lot more attention this year.

While activity in the major currencies is still the predominant market in Singapore, regional currency activity is expected to pick-up and is the area where most banks are bee