The Monetary Authority of Singapore (MAS) has given Icap the go-ahead to offer its BrokerTec and Garban trading platforms in Singapore. The UK-based inter-dealer broker announced yesterday that the Singaporean watchdog has designated the platforms as being officially recognised.“This approval from MAS allows Icap to give professional investors in Singapore trading access to the most liquid market in US Treasury products,” said David Rutter, chief executive of Icap electronic broking for the US and Asia.
The BrokerTec and Garban platforms, which are designed for electronic bond trading, were both launched commercially in 2000, although Icap only acquired the BrokerTec platform through an acquisition in May 2003.
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