SGX tabs UBS for key counterparty role on new Asian bond platform
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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.
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