You are here

SGX buys remaining 80% of BidFX to bridge OTC and listed FX markets

The US$128m purchase will expand SGX's reach beyond FX futures into the larger global FX OTC market

Singapore

SINGAPORE Exchange (SGX) will buy the remaining 80 per cent stake in BidFX it does not already own from other shareholders for about US$128 million cash, in a move that will expand its reach beyond foreign exchange (FX) futures into the larger global FX over-the-counter (OTC)...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes