Manish Kedia, chief executive officer of MaxxTrader, said:
We share SGX’s FX vision of offering clients buying and selling a wide range of FX and liquidity products at OTC and futures worldwide. With SGX’s strong focus and investment in FX, we look forward to accelerating innovation and delivering exciting new solutions for both our clients and liquidity providers. In addition, as one of the first platforms to host banks, brokers and hedge funds at Singapore’s SG1 Liquidity Center, we also look forward to continuing to contribute to Singapore’s success as a Central Liquidity Center in Asia.
MaxxTrader’s sales customer base complements BidFX’s buying clientele, which SGX acquired last year. The two acquisitions together are part of SGX’s strategy to build an integrated Asian foreign exchange market for global investors.
Our next step is to provide our clients with a complete set of futures FX and OTC solutions by creating a leading FTC OTC market anchored in Singapore. In turn, this would accelerate our vision of creating fungible and convenient access for various global clients to different liquidity groups under an integrated SGX platform, and would create Asia’s largest single site for international FX OTC participants. and futures.
The post Singapore Exchange acquires MaxxTrader in a $ 125 million deal appeared first on LeapRate.
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