SGX’s new FX platform sees increased NDF trading from US firms

- By Jiefei Liu
- 19 Sep 2023

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Singapore Exchange (SGX) has seen increasing activity from US buy-side firms trading non-deliverable forwards (NDFs) with local regional banks on its new anonymous foreign exchange platform, as it looks to establish the platform as a primary venue for the region.

CurrencyNode, the electronic communications network (ECN) launched in September last year within Singapore’s SG1 data centre, received an exemption from the US Commodity Futures Trading Commission (CFTC)’s Swap Execution Facility (Sef)

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