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New Asia forex platform aims to create sparks

Singapore-based Spark Systems will start live trial in March; it's counting on prominent patrons to help it break into market long dominated by major Western financial firms

Spark aims to differentiate itself with lower fees. It will cost US$3 or less for every US$1 million of trades on the platform, Mr Wong says.


THE US$5.1 trillion-a-day foreign exchange market's newest upstart trading venue has big ambitions to bring more of the world's currency transactions to Asia. It also has some big-name backers.

Singapore-based Spark Systems will start a live trial of its currency platform...

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