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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

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Published Mon, Nov 30, 2020 · 09:50 PM

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.

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