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.
More on Technology
Result comes despite tougher rules on market manipulation and abuse
Focus needs to be on reacting, not stopping every threat
Companies can wring more value from regulation-mandated data
Risk's annual round-up of new software developments
Sign up for Risk.net email alerts
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
Nominated for two technology awards
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.