R5FX goes live in Singapore
Trading begins on the platform, following authorisation from the Monetary Authority of Singapore
Emerging markets (EM) non-deliverable forwards (NDFs) platform R5FX has begun live trading in Singapore, after receiving the go-ahead from the Monetary Authority of Singapore (MAS).
"Receiving authorisation from MAS and subsequently going live in Singapore are important steps for R5, due to Singapore's position as the Asian centre for EMFX trading," says Jon Vollemaere, chief executive of R5FX.
"Many of our Singapore clients were involved at the inception of R5, seeking an electronic alternative
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