• About
  • Advertise
  • Privacy & Policy
  • Contact
Saudia Times
Advertisement
  • Home
  • Africa
  • Business
  • Europe
  • Finance
  • latest news
  • Middle East
  • Politics
No Result
View All Result
  • Home
  • Africa
  • Business
  • Europe
  • Finance
  • latest news
  • Middle East
  • Politics
No Result
View All Result
Saudia Times
No Result
View All Result
Home Finance

Barclays to launch new FX trading and pricing engine in Singapore

admin by admin
September 16, 2020
in Finance
0
Barclays to launch new FX trading and pricing engine in Singapore
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Wed, Sep 16, 2020 – 11:43 AM

BARCLAYS on Wednesday announced that it will be launching its new foreign exchange (FX) trading and pricing engine in Singapore as part of the London-headquartered bank's push to strengthen its FX presence in the Asia-Pacific.

This comes as the Monetary Authority of Singapore (MAS) seeks to develop the Republic to become the top FX trading centre in the Asia-Pacific.

Scheduled to be launched in mid-2021, the new FX trading and pricing engine will be Barclays' fourth electronic FX trading hub globally, adding to its existing platforms in New York, London and Tokyo.

The bank will be building out of a local instance of global FX trading system, which includes the roll-out of a technology which will combine pricing algorithms with ultra-low latency co-location connectivity, said Barclays in a statement.

With the infrastructure based in Singapore, local and regional market participants will be able to benefit from increased price discovery, lower latency and improved quality of execution, it added.

Stay updated with
BT newsletters

This means that the technology for one-month non-deliverable forwards (NDFs) will be able to provide more accurate prices at faster speeds and improved quality of execution.

James Hassett, co-head of global emerging markets & G10 linear FX, and head of flow macro trading, Asia, who relocated to Singapore from London in August 2020, said: "The deployment demonstrates our increased commitment to our clients in Singapore and in the region. FX is an important growth area for the firm globally and critically this takes us from a three-hub model to a four-hub model."

He was referring to the addition of Singapore to its existing hubs.

Gillian Tan, executive director, financial markets development, at MAS, said: "Singapore is well-placed to serve the strong institutional FX flows in Asia, and we are heartened to see continued sRead More – Source

businesstimes
Previous Post

Aid cuts by Trump and some US allies are costing lives in Yemen

Next Post

Analysts keep faith with UOB’s organic wealth management play

admin

admin

Next Post
Analysts keep faith with UOB’s organic wealth management play

Analysts keep faith with UOB’s organic wealth management play

Stay Connected test

  • 79 Followers
  • 93.2k Subscribers
  • 22.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Surrender deadline nears as Ethiopia prepares Tigray attack

Surrender deadline nears as Ethiopia prepares Tigray attack

November 25, 2020
Ethiopian army claims control of Tigray city

Ethiopian army claims control of Tigray city

November 29, 2020
SAMA to become Saudi Central Bank, with full independence

SAMA to become Saudi Central Bank, with full independence

November 25, 2020

Pope expresses support for same-sex civil union laws in new documentary

October 22, 2020
Iraq’s Kurdistan offers to freeze independence referendum results

Iraq’s Kurdistan offers to freeze independence referendum results

0
Outcry over naming Mugabe WHO ambassador

Outcry over naming Mugabe WHO ambassador

0

Somalia bombings: Death toll climbs to 358

0

At least 16 Egyptian police officers killed while raiding hideout

0
Ethiopian army claims control of Tigray city

Ethiopian army claims control of Tigray city

November 29, 2020
Surrender deadline nears as Ethiopia prepares Tigray attack

Surrender deadline nears as Ethiopia prepares Tigray attack

November 25, 2020
‘The Flight Attendant’ serves up a fun trip thanks to Kaley Cuoco

‘The Flight Attendant’ serves up a fun trip thanks to Kaley Cuoco

November 25, 2020
Trump’s outcasts in the civil and foreign service may get a second chance under Biden

Trump’s outcasts in the civil and foreign service may get a second chance under Biden

November 25, 2020

Recent News

Ethiopian army claims control of Tigray city

Ethiopian army claims control of Tigray city

November 29, 2020
Surrender deadline nears as Ethiopia prepares Tigray attack

Surrender deadline nears as Ethiopia prepares Tigray attack

November 25, 2020
‘The Flight Attendant’ serves up a fun trip thanks to Kaley Cuoco

‘The Flight Attendant’ serves up a fun trip thanks to Kaley Cuoco

November 25, 2020
Trump’s outcasts in the civil and foreign service may get a second chance under Biden

Trump’s outcasts in the civil and foreign service may get a second chance under Biden

November 25, 2020
Saudia Times

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Browse by Category

  • Africa
  • Business
  • Europe
  • Finance
  • latest news
  • Middle East
  • Politics
  • Uncategorized

Recent News

Ethiopian army claims control of Tigray city

Ethiopian army claims control of Tigray city

November 29, 2020
Surrender deadline nears as Ethiopia prepares Tigray attack

Surrender deadline nears as Ethiopia prepares Tigray attack

November 25, 2020
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.