Tuesday, February 7, 2023
Forex Broker News
  • Home
  • Forex Broker Reviews
    • All
    • Preferred Brokers
    • Regulated Brokers
    • Unregulated Brokers

    VastWealth Review

    Stockscale Review

    Fibinex.io Review

    Homefx-Plus Review

    StockHome.io Review

    LegacyFX Review

    Crypto Dock Review

    City Index Review

    Forex.com Review

  • Broker Types
  • Forex & Fintech Jobs
  • News
No Result
View All Result
  • Home
  • Forex Broker Reviews
    • All
    • Preferred Brokers
    • Regulated Brokers
    • Unregulated Brokers

    VastWealth Review

    Stockscale Review

    Fibinex.io Review

    Homefx-Plus Review

    StockHome.io Review

    LegacyFX Review

    Crypto Dock Review

    City Index Review

    Forex.com Review

  • Broker Types
  • Forex & Fintech Jobs
  • News
No Result
View All Result
Forex Broker News
No Result
View All Result
Home News Sources Leaprate

Singapore Exchange to acquire BidFX and expand its reach into global FX OTC market

[item_description],

Jean-Philippe Malé, CEO of BidFX, said:

Jean-Philippe Male

We are delighted to join the SGX group of companies and combine forces with the largest FX futures marketplace in Asia. We will be, amongst other plans, expanding our coverage to include FX futures, which gives sophisticated investors a hedge to access the broader market across OTC and futures liquidity pools. As we continue to grow, we look forward to contributing to Singapore’s success as a central FX liquidity hub in Asia.

Previously, BidFX was a subsidiary of TradingScreen and spun off in 2017.

Pierre Schroeder, CEO of TradingScreen, noted:

We’ve purposefully focused our efforts and resources on our best opportunities for growth and this has led to exceptional results, such as the BidFX sale being announced today. TradingScreen clients will continue to have access to BidFX via its multi-asset TradeSmart application.

Since the beginning of 2020, BidFX’s clients were able to trade across OTC and futures FX markets with the option to have bilateral counterparty or centrally cleared FX exposures, all in one venue with an integrated workflow management system.

SGX’s FX futures have registered significant growth, reaching traded volumes of $3.8 trillion since it started in November 2013. SGX launched FlexC FX Futures last year allowing market participants to trade customizable FX futures in an OTC manner and clear transactions.

The combination of SGX and BidFX will scale up the success of both companies and advance SGX’s goal to offer end-to-end FX platform and solutions.

The post Singapore Exchange to acquire BidFX and expand its reach into global FX OTC market appeared first on LeapRate.

ADVERTISEMENT

,

Share196Tweet123ShareSend

Related Posts

Leaprate

Nuvei announces brand merger with SafeCharge

December 7, 2022
Leaprate

Playtech takes measures to maximize liquidity

December 7, 2022
Leaprate

Avelacom launches connectivity, market data and infrastructure solutions on Brazil’s stock exchange

December 6, 2022
Leaprate

Daily market commentary: Gold hits new record high (yet again)

December 6, 2022
Leaprate

NYMEX and two former employees to pay $4 million for disclosing trading information

December 6, 2022
Leaprate

TradingScreen’s MARKTS and OSL partner to open up Asia’s digital asset markets to global investors

December 6, 2022

Select one of the Best Forex Brokers for your Trading  |  Read the Reviews

VastWealth Review

Stockscale Review

Fibinex.io Review

Homefx-Plus Review

StockHome.io Review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. forexbroker.news is an affiliated partner with various Forex brokers and may be compensated for referred Forex traders.

Risk Disclosure: Forexbroker.news assumes no liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and forex signals. Operations in the international foreign exchange market contain high levels of risk. Forex trading may not be suitable for all investors. speculating only the money you can afford to lose. Forexbroker.news remind you that the data contained in this website is not necessarily real-time and may not be accurate. All stock prices, indexes, futures are indicative and not appropriate for trading. Thus, Forexbroker.news assumes no responsibility for any trading losses you might incur as a result of using this data.You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While ForexBroker.News has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBroker.News, nor shall it bias our reviews, analysis, and opinions.

  • Privacy Policy
  • Contact US
  • Terms of use,

Copyright © 2020 forexbroker.news

No Result
View All Result
  • Home
  • Forex Broker Reviews
  • Broker Types
  • Forex & Fintech Jobs
  • News

© 2020 https://forexbroker.news - Forex Broker news & magazine