Euronext has announced that it has successfully launched the Euronext FX in Singapore. The venue was launched months ahead of schedule with the first spot foreign exchange trades occurring on September 9, 2019 between two global banks. LeapRate reminds that the pan-European exchange in the Eurozone announced the rebranding of FastMatch, its Electronic Communication Network…
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Limestone Network is a startup based in Singapore that aims to disrupt the urban environment in Southeast Asia by using blockchain to build smart cities. The first planned project comprises a 100-hectare land in Phnom Penh. The project is backed up by private investors and it will affect approximately around 200,000 people on a daily…
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Leaprate Exclusive... Edgewater Markets, the NFA-registered non-bank FX liquidity provider, has just informed LeapRate that it has welcomed aboard Rick Lloyd as Director of eFX Sales out of its Singapore office. Rick Lloyd brings a wealth of experience in the Foreign Exchange markets space spanning over 30 years of industry expertise working for corporate and…
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Binance, the world's leading cryptocurrency exchange, is reportedly planning to launch a fiat-to-cryptocurrency exchange in South Korea. The information comes from a news report at CryptoGlobe. According to press, this is what the founder and CEO of Binance said regarding the project: We do not know the details related to the establishment of the Korean…
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The following article is courtesy of FlexTrade's Ivy Schmerken. With the uptick in Asian currency trading and the growth of electronic trading, Singapore’s regulator is working with the financial industry to build an FX trading hub and expand FX market infrastructure, a move to improve liquidity and price discovery during Asian trading hours. The Monetary…
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The Trump administration removed India and Switzerland from its currency monitoring list of major trading partners on Tuesday. The monitoring list, among others, include China, Japan, South Korea, Germany, Italy, Ireland, Singapore, Malaysia and Vietnam. The Monetary Authority of Singapore (MAS) responded today that it does not manipulate its currency for export advantage, and added…
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It's been a while since Tradays' last economic calendar geographical expansion - Spain and Italy were added back in January 2019. MetaQuotes Software Corp. announced today that 80 indicators have been recently added for Brazil, Hong Kong, Singapore and South Korea. The relevant index readings are collected in real time directly from public sources, including…
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United Overseas Bank Limited (UOB), Singapore Exchange Limited (SGX) and the China Chamber of International Commerce (CCOIC) have announced today that they have signed a MOU. The alliance has been made in order to help Chinese enterprises use Singapore as a launchpad to expand into ASEAN. LeapRate reminds that SGX has already strengthened ties with…
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FastMatch, Euronext’s Electronic Communication Network (ECN) for Foreign Exchange (FX) trading, has announced earlier this week that it has expanded in Asia, establishing a new matching engine in Singapore. The new matching engine will be fully operational in the Q4 2019 and will allow customers in various Asia-Pacific markets including Singapore, Australia and Hong Kong…
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The managing director of the International Monetary Fund (IMF), Christine Lagarde, stated at the Singapore Fintech Festival today that the use of cryptocurrencies can help governments around the world establish the much sought-after financial inclusivity, consumer protection and better security, all relieving the growing concerns over privacy issues. Ms. Lagarde pointed out that financial institutions…
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