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SGX to leverage tech, synergies across FX portfolios with MaxxTrader acquisition

Following the deal, the average daily volume of the combined foreign exchange franchise will be more than US$75 billion

Tan Nai LunUma Devi
Published Sat, Jul 24, 2021 · 05:50 AM

Singapore

THE acquisition of single-source and direct-to-market foreign exchange (FX) trading platform MaxxTrader will further cement FX as a core pillar of growth for the Singapore Exchange (SGX) under its multi-asset strategy, and allow the bourse operator to achieve scale and size.

The latest acquisition will broaden SGX's customer base for both the buy-side and sell…

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