UOB to set up electronic FX pricing, trade engine in Singapore
New engine, to be launched by Q2 2021, will contribute to nation's push to be region's FX electronic trading centre
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
UOB on Monday said it will set up an electronic foreign exchange (FX) pricing and trading engine in Singapore, acting as the hub to service the bank's client franchise.
The new engine will be launched by the second quarter next year, the lender noted in a press statement.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain