Two more banks consider Singapore engines

Fight to be dominant regional FX hub continues


At least two more international banks are in talks about setting up foreign exchange trading engines in Singapore, as the city state tries to capture a greater share of the region’s FX flows.

Sources at both banks – one European and one US – confirmed they are speaking with the Monetary Authority of Singapore, but declined to go on the record.

An MAS spokesperson says: “We are in advanced discussions with a number of banks, non-bank proprietary firms and platforms. In addition, a diverse range

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