You are here

SGX buys stake in BidFX to expand forex pillar

SINGAPORE Exchange (SGX) has acquired a 20 per cent stake in BidFX, including an option for additional shares to gain a controlling interest, for US$25 million in cash.

Loh Boon Chye, CEO of SGX told a media briefing on Wednesday that the investment is part of the Singapore bourse’s strategy to build core pillars of growth across multiple asset classes.

“FX is one of our key growth pillars and we are excited to strengthen our service proposition to the market,” Mr Loh said.

“With this investment, we have an opportunity to offer our suite of Asian FX futures alongside the over the counter (OTC) products offered on the BidFX platform, bringing together both pools of liquidity,” he added.

In January 2017, BidFX was spun off as a division of TradingScreen (TS), a provider of a multi-asset execution and order management system.

Your feedback is important to us

Tell us what you think. Email us at

Jean-Philippe Male, BidFX CEO, said the funds will be used to grow its reach and offering among institutional investors. The company plans to extend its footprint in Sydney, Hong Kong and Tokyo, as well as Europe.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to