SGX FX

✨ Happy Deepavali from SGX Group! ✨ As we celebrate the Festival of Lights, may this Deepavali bring boundless joy, robust health, and abundant prosperity to you and your loved ones. Let the light of diyas guide you towards happiness and success, illuminating your path with hope and positivity. From all of us at SGX Group, we wish you a sparkling and joyous Deepavali! 🪔

SGX FX made a splash in New York last week! We hosted an enjoyable client networking event and it was a wonderful opportunity to connect with both existing and new clients, as well as partners, over an enjoyable evening of drinks, along with a whiskey tasting booth that everyone raved about. Seeing the appreciation from our attendees reinforced the importance of fostering these connections. We’re grateful for everyone who joined us and look forward to more evenings filled with great conversations and camaraderie. 

Last week in Toronto, we had a valuable opportunity to host dinner for several buyside participants. The event provided a fantastic platform to delve into crucial advancements shaping FX trading's future. Key discussions included the value of streaming liquidity for NDFs and Emerging Market currencies, as real money firms are generally more affected adversely by information leakage resulting from RFQs. Superior streaming platforms are exceeding traditional solutions by offering invaluable liquidity. The ability to store and monitor streaming liquidity 24x6 is a huge advantage as this is not possible with legacy RFQ technology. The conversations also highlighted the increasing need for workflow automation tailored to client specifications, allowing traders to focus on complex tasks and monitor their streaming prices to mitigate costs and risks. Innovations in the EMS space are eagerly sought for their potential to reduce expenses, while optimising execution processes. To that end, having best-in-class systems is key. Desktop interoperability promises to transform trading desks by enabling seamless communication across preferred EMS, OMS, and risk management systems. Finally, expanding TCA to include Liquidity Provision Analytics (LPA) provides a competitive edge by offering comprehensive price analytics that can be overlayed on top of trade data. These insights pave the way for more strategic, cost-effective trading approaches. We're thrilled about these developments and remain dedicated to supporting your journey ahead in FX trading. Chat with our team if these are topics that resonate with you. #SGXFX #emergingmarkets #NDF #fxworkflow #fxautomation #EMS #OMS #LPA #TCA Scott Gold | Michael Langon | Alan Dweck

The SimCorp APAC Summit today underscored SimCorp's influential role in reshaping the investment management software landscape. We were privileged to engage with their forward-thinking product strategy and roadmap, which highlighted their unwavering commitment to innovation and the integration of AI into their solutions. The discussions around SimCorp One further emphasised their dedication to providing advanced tools that empower financial institutions worldwide. As a strategic partner, we take immense pride in collaborating with SimCorp, and we remain excited about the future possibilities as they continue to lead the industry with their pioneering solutions. Overall, a great day spent at the event! #SGXFX #SimCorpAPACSummit #fxautomation #ems 

SGX FX allows clients to extract precise information on their interactions, the market and the way they trade. For example, when a trader gets into the office, they can get a report that tells them that they are not dealing as much with a particular client or liquidity provider and the reason why. Another possible use case is to highlight potential execution strategies for a trade. “The trend is more electronification, more demand for insights and more demand for automation,” said Lee. “Once you give clients the right data, you can build that whole flywheel of adoption.” It was a pleasure to discuss this, amongst other topics, with Shanny Basar of Markets Media, thank you for making time for this feature article. Follow the link in the comments section to check out this story in full. Beng Hong LEE #SGXFX #OTCFX #FXfutures #FXoptions #efx #fxtrading #fxautomation #TONA #CNH #KRW #INR

SimCorp stands as a pivotal force in the investment management software industry, renowned for its comprehensive and integrated solutions that streamline front-to-back office operations. We share a similar dedication to advancing technology in finance, and­ therefore look forward to connecting with industry peers and present our latest innovations at the SimCorp APAC Summit in Singapore. Drop by our booth and chat with us about enhancing your FX trading and workflow automation, seamlessly integrating with your existing SimCorp solutions. Can't wait to see you there! Learn more about the event here – https://lnkd.in/gHZ2RQSv #SimCorpSummit #FinTech #FXtrading #FXautomation #SGXFX #FXbuyside #FXsellside Caroline Quah | Akhil Nair, CFA | Jean-Philippe Malé

We're delighted to welcome Hugh Whelan as our new Head of Liquidity Management and Data Strategy. With an impressive track record at EBS, where he was instrumental in the launch and evolution of EBS Direct into a leading FX trading venue, Hugh brings a wealth of expertise to SGX FX. In this new role, Hugh will lead the strategic growth of our Liquidity Provider client segment and data products, focusing on building strong relationships with banks, brokers, and financial institutions. He will also drive innovation to enhance our platform and better serve the LP community. Hugh’s deep understanding of FX markets, coupled with his strategic vision and global partnership experience, will be invaluable in expanding our SGX FX franchise worldwide. We’re excited to have you onboard, Hugh! 

We’re firing on all cylinders! 🚀 Our September market statistics, released today, showed that securities trading activity grew significantly as easing monetary policies and China's stimulus package fuelled optimism and portfolio repositioning. Derivatives trading volumes across equities, FX and commodities achieved single-day records over two consecutive days this month, as market participants managed Asia exposures with unrivalled efficiency on our platform. 👉 For more details on the September market statistics, visit: bit.ly/4dF8SDS We’d love to hear your thoughts! How do you think the recent market changes will impact your trading and investment strategies? Share your insights in the comments below. 💬

We're thrilled to announce a record-breaking month! OTC FX average daily volume (ADV) skyrocketed 46% year-on-year in September to US$148 billion. For the July-to-September quarter, ADV climbed 51% y-o-y to US$142 billion. The momentum didn’t stop there. Total FX listed futures volume surged 35% year-on-year to 5.5 million contracts, with SGX USD/CNH FX Futures reaching a notional high of US$17.4 billion in September, marking a 12% jump from August. These achievements culminated in a record high aggregate ADV of more than US$160 billion in September 2024! Lee Beng Hong, Head of Wholesale Markets and Platforms at SGX Group and CEO of SGX FX, said, "These milestones reflect the growing client demand for our suite of robust offerings. In volatile markets, SGX FX stands as a platform of trust, equipped with advanced workflow and automation solutions that optimise operational efficiency and user experience.” Jean-Philippe Malé, President of SGX FX, added, "Our global client base has grown substantially over the past year, and we are sincerely grateful to our clients for placing their trust in us. We remain committed to delivering innovative solutions that supercharge their experience and trading efficiency." Do chat with our global team to find out more.   #SGXFX #FXFutures #OTCFX #fxmarkets #fxautomation #fxworkflow Beng Hong LEE | Jean-Philippe Malé

In a landscape of rapid transformation, Roger Lee, Global Head of Sales at SGX FX, sheds light on the shifting dynamics of Single-Dealer and Multi-Dealer Platforms in eFX trading. He underscores the financial advantages of outsourcing technology needs, highlighting how banks can reduce costs and leverage advanced technology without hefty in-house development expenses. The trend sees corporate clients increasingly adopting Multi-Dealer Platforms to achieve better pricing and execution, driven by regulatory pressures for transparency and best execution. SGX FX stands at the forefront of this evolution, offering cutting-edge solutions which enhance user experience and operational efficiency. Looking ahead, the future of FX trading platforms points towards increased aggregation and efficiency, reshaping the interactions between banks, the buyside community, and technology providers. This evolution promises a seamless integration of single and multi-bank technologies, fundamentally transforming the FX trading ecosystem. Thank you Sam Low of LiquidityFinder for making time for this feature article. Follow the link in the comments section to read this story in full. #SGXFX #efx #fxtrading #automation #bestexecution