SGX tabs UBS for key counterparty role on new Asian bond platform
Singapore
THE Singapore Exchange (SGX) has given UBS the green light to play the key role of general counterparty on its coming over-the-counter Asian bonds electronic trading platform.
SGX said on Friday the appointment will place UBS in the middle of over-the-counter trades on the planned SGX Bond Pro platform, allowing counterparties who have no existing bilateral relationships to trade through the general counterparty without losing anonymity.
The news comes ahead of the imminent launch of SGX Bond Pro, SGX's attempt to improve liquidity for bonds issued …
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