Spark Systems

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.

(Feb 8): The US$5.1 ($7.2 trillion) trillion-a-day foreign exchange market’s newest upstart trading venue has big ambitions to bring more of the world’s currency transactions to Asia. It also has some big-name backers.