(Sept 4): UBS Group AG will introduce a new electronic currency pricing and trading engine in Singapore next year in a bid to boost liquidity in Asia’s largest foreign-exchange centre.

The facility will go live in the second quarter of 2019, Zurich-based UBS said Monday in an emailed statement. The bank is undertaking the initiative in partnership with the Monetary Authority of Singapore, the nation’s financial regulator.

“The engine will provide our clients with greater liquidity and increased efficiency in the foreign-exchange markets,” Anthony Hall, UBS’s head of foreign exchange, rates and credit in the Asia-Pacific region, said in the statement.

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