Euronext FX launches in Singapore

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Singapore, New York and London – 23 September 2019 – Euronext today announces the successful launch of Euronext FX in Singapore. Having been first announced on 26 March 2019 for a target launch date of Q4 2019, the venue was launched months ahead of schedule, with the first spot foreign exchange trades occurring on 09 September 2019 between two global banks.

 

Euronext FX has the first ever FX matching engine to be launched in Singapore; the initiative is a direct response to client requests for more FX trading facilities in the region.

 

The new matching engine adds to the global capabilities of Euronext FX, which already operates matching engines in New York, London and Tokyo. 

 

The Singapore launch reflects Euronext FX’s ambition to be closer to its clients worldwide and creates a strong development base to become a major electronic FX marketplace in the region. It also enables clients across the Asia-Pacific region, including Singapore, Australia and Hong Kong, to benefit from an improved trading experience and connectivity.

 

Kevin Wolf, CEO of Euronext FX said:

 

Euronext FX’s decision to establish a matching engine and open an office in Singapore is an important and exciting step in the growth of our reach. As the largest FX centre in Asia and the third largest globally, Singapore is a strategically important market, and poised to be a critical global hub for electronic foreign exchange trading – as evidenced by the recent influx of global firms since we first announced our intention to establish an operation here. We look forward to continuing to work with the Monetery Authourity of Singapore (MAS) and appreciate their active support to further grow the local financial ecosystem and our footprint.”

 

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About Euronext Euronext is the leading pan-European exchange in the Eurozone, covering Belgium, France, Ireland, The Netherlands, Portugal and the UK. The Norwegian stock exchange and its clearing & settlement subsidiary, together operating as Oslo Børs VPS, joined Euronext on 17 June 2019. With 1,300 listed issuers worth €3.5 trillion in market capitalisation as of end March 2019, Euronext is an unmatched blue chip franchise that has 24 issuers in the Morningstar® Eurozone 50 Index℠ and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, Euronext also operates Euronext GrowthTM and Euronext AccessTM, simplifying access to listing for SMEs.

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