Hedge Fund News From HedgeCo.Net

Singapore Exchange to pay $128 million to fully acquire FX trading platform

June 28, 2020 : Permanent Link

(Reuters) Reuters) – Singapore Exchange Ltd (SGX) said on Monday it would pay about $128 million to buy the 80% stake it does not own in trading platform, BidFX, as it seeks to build its presence in foreign exchange futures and the over-the-counter market. “The future of FX lies in the ability for market participants to benefit from price discovery, liquidity and transparency for both OTC and listed futures trading.

To read this article: