SGX in joint venture to start bond trading platform
XinTru will operate Trumid XT, the trading platform aimed at enhancing liquidity and execution in the Asia bond market for global clients
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Singapore
THE Singapore Exchange (SGX) and its wholly owned subsidiary, Asian Gateway Investments (AGI), on Monday entered into an agreement to incorporate a joint venture (JV) company in Singapore that will launch an electronic Asian bond trading platform this year.
SGX entered into the agreement with, among others, US-based fintech startup and corporate bond trading platform Trumid and HH THL Holdings, an affiliate of global investment firm Hillhouse Capital.
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