SGX’s new FX platform sees increased NDF trading from US firms
Sef exemption opens door to increased US buy-side interest
Singapore Exchange (SGX) has seen increasing activity from US buy-side firms trading non-deliverable forwards (NDFs) with local regional banks on its new anonymous foreign exchange platform, as it looks to establish the platform as a primary venue for the region.
CurrencyNode, the electronic communications network (ECN) launched in September last year within Singapore’s SG1 data center, received an exemption from the US Commodity Futures Trading Commission (CFTC)’s Swap Execution Facility (Sef)
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