SG1 growth slower than expected, say LPs
Despite sluggish take-up of Singapore FX matching engines, some hope a new NDF venue will offer a boost
Foreign exchange dealers have largely been underwhelmed by the lack of activity transacted through their newly launched electronic pricing and matching engine on Singapore’s SG1 data centre.
Many of the top FX liquidity providers have gone live with an electronic pricing and matching engine in the city-state hoping to capitalise on a push by its central bank and regulator, the Monetary Authority of Singapore (MAS), to create a liquidity pool that can rival London and New York.
However, some
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