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foreign exchange (forex)
Singapore economy
Goldman joins JPMorgan in building forex trading hub in Singapore
Singapore’s currency market saw average trading volumes of US$633 billion a day in April 2019, higher than Hong Kong and Japan.
September 30, 2020
Forex
SGX wins 'Best Exchange for FX' at FX Markets e-FX Awards 2020
SGX took home the “Best FX Exchange in Asia” and “Best FX Clearing House in Asia” awards in 2018 and 2019 respectively.
September 16, 2020
Investing 101
How to invest in forex for beginners
Great forex trading tips for beginner investors.
August 06, 2020
Forex
SGX to fully acquire cloud-based forex trading platform BidFX for $178.3 mil
Singapore Exchange (SGX) will acquire the remaining 80% in cloud-based forex trading platform BidFX from its other shareholders for a total cash consideration of US$128 million ($178.3 million).
June 29, 2020
Company in the news
Singapore forex platform raises $23.5 mil in series B funding, counts HSBC and Citigroup among investors
HSBC and Citi join Goldman Sachs Group Inc. as investors in Spark Systems after participating in series B funding that’s raised US$16.5 million (S$23.5 million) over two rounds, according to Chief Executive Officer Wong Joo Seng.
May 15, 2020
US-China trade war
US spares China from yuan-manipulator label amid trade war
WASHINGTON (Oct 18): The Treasury Department stopped short of declaring China a currency manipulator in its semi-annual report on foreign-exchange rates, averting an escalation of a trade war while serving notice that the US will closely watch the yuan af
October 18, 2018
Forex
UBS to start currency pricing, trading engine in Singapore
(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.
September 04, 2018
Currencies
Why aggressive intervention may do little to save Argentina's peso
SINGAPORE (Sept 3): Fund managers are worrying that the worst has yet to come in Argentina’s peso crisis as big names in the bond market continue to take a beating, according to the Financial Times.
September 03, 2018
Broker's Calls
IHH Healthcare still a promising 'buy' after 2H earnings disappointment, says CGS-CIMB
SINGAPORE (Aug 29): CGS-CIMB Research is maintaining its “add” recommendation on IHH Healthcare with a lower target price of RM6.63 ($2.21) compared to RM6.86 previously, even as the dual-listed Malaysian private healthcare operator’s 2H18 results m
August 29, 2018
Broker's Calls
Food Empire downgraded as US ramps up sanctions against Russia
SINGAPORE (Aug 15): RHB Research is downgrading its call on Food Empire to “neutral” from “buy” while lowering its target price on the stock to 60 cents from $1.07 previously to reflect a lower target P/E of 14 times as a result of lower valuation
August 15, 2018