Singapore Exchange and ICAP to develop new Asian currency products

SINGAPORE — Singapore Exchange (SGX) and ICAP’s EBS will together develop a new range of Asian currency products and services, the two companies said today (Jan 14).
EBS, ICAP’s electronic foreign-exchange business, and Singapore Exchange expect the products to strengthen liquidity in both the over-the-counter foreign exchange and futures markets in Asia.

Customers will initially be offered access to Singapore Exchange-listed currency derivatives through the EBS platforms, to be cleared by SGX.
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