Singapore aims to become e-FX hub for Asia

Speaking at FX Week Asia, MAS’s Jacqueline Loh says Singapore wants more price discovery to take place

Singapore is bidding to attract more foreign exchange players in an effort to become the largest electronic price-discovery hub in Asia, Jacqueline Loh, deputy managing director of the Monetary Authority of Singapore (MAS), told delegates at the 14th annual FX Week Asiaconference.

Singapore is currently the third-largest FX trading centre in the world, after London and New York, and its share of trading volumes is growing. But while Singapore saw its slice of global FX volumes inch higher to 7