As it moves to continue to grow its business and market share in the Far East, institutional FX broker and liquidity provider LMAX Exchange Group has announced the appointment of Quentin Miller (pictured above) to the newly created position of Head of Institutional FX for Asia Pacific. Quentin Miller will be based in Singapore. He will…
Read moreIntercontinental Exchange Announces First Five Contracts for ICE Futures Singapore and ICE Clear Singapore which, subject to regulatory approval from the Monetary Authority of Singapore, will be available from March 17, 2015
Read moreAsia's largest FX center, Singapore, embraces free market-style currency interchangeability and majors on market commonality as it enters an MOU with Brunei The Monetary Authority of Singapore (MAS) and Autoriti Monetari Brunei Darussalam (AMBD) have signed a Memorandum of Understanding (MOU) on bilateral cooperation. Brunei, a Kingdom located in South East Asia, whilst not well…
Read moreThe global drive among national regulators to work together toward standardizing trade clearing methodology continues, as the CFTC defers enforcement action against SGX-DC The US Commodity Futures Trading Commission's Division of Clearing and Risk (DCR) issued a time-limited no-action letter to the Singapore Exchange Derivatives Clearing Limited (SGX-DC) on Friday last week, as Singapore readies…
Read moreAfter five and a half years at OANDA's Asia Pacific operation, Tracy Simone Tan assumes senior directorship position OANDA has promoted Tracy Simone Tan to Director of Business Operations for the Asia Pacific region. This particular promotion to senior management represents a significant progression in Ms. Tan's career, an industry professional who has held a…
Read moreHong Kong became the first offshore yuan trading hub in 2004, followed by London in 2011 According to the latest SWIFT RMB Tracker (February 2014), the top offshore RMB hub remains London (excluding Hong Kong and Mainland China). Singapore is right behind London in weight and rank and is gaining volume. Singapore yuan clearing volume…
Read moreMonetary Authority of Singapore sets forth regulatory stance on virtual currency intermediaries, hinting at the nation's acceptance of Bitcoin as a viable tender How to regulate the unregulatable, that is the conundrum. Amid the continual attempts by various governmental departments worldwide during recent times to place controls on the usage, trading and flow of virtual…
Read moreInvestment Trends report blames increased regulation. The number of traders in the Singapore FX market has declined this year to 20,000 from 25,000 in 2011, a decrease of 20%, according to a new report by Australia-based financial research firm Investment Trends (to download the report summary click here). Singapore market share: Despite the decrease, Singapore remains…
Read moreIG Group shares drop 2.4% as investors focus on next year.
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