Orient Futures (Singapore) Pte. Ltd. fully supports MAS SG1 initiative, establishing an electronic trading platform to develop Singapore as a major FX center. Having an electronic FX trading and matching engine in Singapore, clients will benefit from better access to liquidity, more efficient price discovery and timelier trade execution. It will improve client experience through reduced latency in trade execution and greater price transparency. Working with MAS on this initiative underscores Singapore’s focus on improving market efficiency and the sector’s growth potential in the region.
Equinix hosts a FX trading ecosystem within its International Business ExchangeTM (IBX) data centre campus in Singapore and, according to a statement, is focused on helping the Monetary Authority of Singapore (MAS) make Singapore a regional e-trading hub for FX in the global foreign exchange market, which runs at US$6.6 trillion a day.