• 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

  • 85 Followers
  • 113k Subscribers
  • 23k 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
Jobless aid for nearly 14 million Americans to expire the day after Christmas

Jobless aid for nearly 14 million Americans to expire the day after Christmas

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
Slovenian Prime Minister Janez Janša congratulates Donald Trump despite no election result

Slovenian Prime Minister Janez Janša congratulates Donald Trump despite no election result

November 4, 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
The price of ethereum (ether) has hit a new all-time high amid predictions that an impending supply shortage will force the price up even higher.  The cryptocurrency reached above $1,500 (£1,100) for the first time in its history on Wednesday following a 10-month price rally that has seen its value rise by more than 1,000 per cent since last April.  Its fortunes have mirrored those of other major cryptocurrencies over the last year, including bitcoin and Cardano (ADA).  The market surge has been boosted by increased institutional interest during the pandemic, which has seen major investors turn to cryptocurrency in an effort to diversify their portfolios during a time or economic uncertainty.   Retail investors have also turned to crypto assets, as more and more apps offer easy ways to purchase bitcoin and other cryptocurrencies.

The price of ethereum (ether) has hit a new all-time high amid predictions that an impending supply shortage will force the price up even higher. The cryptocurrency reached above $1,500 (£1,100) for the first time in its history on Wednesday following a 10-month price rally that has seen its value rise by more than 1,000 per cent since last April. Its fortunes have mirrored those of other major cryptocurrencies over the last year, including bitcoin and Cardano (ADA). The market surge has been boosted by increased institutional interest during the pandemic, which has seen major investors turn to cryptocurrency in an effort to diversify their portfolios during a time or economic uncertainty. Retail investors have also turned to crypto assets, as more and more apps offer easy ways to purchase bitcoin and other cryptocurrencies.

February 3, 2021
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

Recent News

The price of ethereum (ether) has hit a new all-time high amid predictions that an impending supply shortage will force the price up even higher.  The cryptocurrency reached above $1,500 (£1,100) for the first time in its history on Wednesday following a 10-month price rally that has seen its value rise by more than 1,000 per cent since last April.  Its fortunes have mirrored those of other major cryptocurrencies over the last year, including bitcoin and Cardano (ADA).  The market surge has been boosted by increased institutional interest during the pandemic, which has seen major investors turn to cryptocurrency in an effort to diversify their portfolios during a time or economic uncertainty.   Retail investors have also turned to crypto assets, as more and more apps offer easy ways to purchase bitcoin and other cryptocurrencies.

The price of ethereum (ether) has hit a new all-time high amid predictions that an impending supply shortage will force the price up even higher. The cryptocurrency reached above $1,500 (£1,100) for the first time in its history on Wednesday following a 10-month price rally that has seen its value rise by more than 1,000 per cent since last April. Its fortunes have mirrored those of other major cryptocurrencies over the last year, including bitcoin and Cardano (ADA). The market surge has been boosted by increased institutional interest during the pandemic, which has seen major investors turn to cryptocurrency in an effort to diversify their portfolios during a time or economic uncertainty. Retail investors have also turned to crypto assets, as more and more apps offer easy ways to purchase bitcoin and other cryptocurrencies.

February 3, 2021
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
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

The price of ethereum (ether) has hit a new all-time high amid predictions that an impending supply shortage will force the price up even higher.  The cryptocurrency reached above $1,500 (£1,100) for the first time in its history on Wednesday following a 10-month price rally that has seen its value rise by more than 1,000 per cent since last April.  Its fortunes have mirrored those of other major cryptocurrencies over the last year, including bitcoin and Cardano (ADA).  The market surge has been boosted by increased institutional interest during the pandemic, which has seen major investors turn to cryptocurrency in an effort to diversify their portfolios during a time or economic uncertainty.   Retail investors have also turned to crypto assets, as more and more apps offer easy ways to purchase bitcoin and other cryptocurrencies.

The price of ethereum (ether) has hit a new all-time high amid predictions that an impending supply shortage will force the price up even higher. The cryptocurrency reached above $1,500 (£1,100) for the first time in its history on Wednesday following a 10-month price rally that has seen its value rise by more than 1,000 per cent since last April. Its fortunes have mirrored those of other major cryptocurrencies over the last year, including bitcoin and Cardano (ADA). The market surge has been boosted by increased institutional interest during the pandemic, which has seen major investors turn to cryptocurrency in an effort to diversify their portfolios during a time or economic uncertainty. Retail investors have also turned to crypto assets, as more and more apps offer easy ways to purchase bitcoin and other cryptocurrencies.

February 3, 2021
Ethiopian army claims control of Tigray city

Ethiopian army claims control of Tigray city

November 29, 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.