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SGX buys 20% stake in BidFX to reinforce FX pillar

US$25m stake in nascent specialised FX trading platform part of SGX's key growth strategies

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SINGAPORE Exchange on Wednesday said it has bought a 20 per cent stake in BidFX, a nascent specialised foreign exchange (FX) trading platform, for US$25 million in cash, to boost its FX growth trajectory.

Singapore

SINGAPORE Exchange (SGX) on Wednesday said it has bought a 20 per cent stake in BidFX, a nascent specialised foreign exchange (FX) trading platform, for US$25 million in cash, to boost its FX growth trajectory.

The purchase, which comes with an option for the Singapore...

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