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Singapore ranks as the world's third largest foreign exchange centre

Average daily FX trading volume hit $870.63b in April.
1 year ago

Singapore ranks as the world's third largest foreign exchange centre

Average daily FX trading volume hit $870.63b in April.
1 year ago

Hang Seng Bank adds forex functionality to AI-powered chatbot

Users can request data on current rates and detect nearby FX ATMs.
1 year ago

Standard Chartered launches one-stop digital forex platform

It allows clients to personalise watchlists and price alerts.
2 years ago

Standard Chartered to launch FX e-trading and pricing in Singapore

It will allow FX e-trading of over 130 currencies.
2 years ago

Too crowded bets on “7” for USDCNY could be dangerous

Chinese yuan has been under pressure in recent weeks due to the double dip in recent ecomomic data and more importantly, the escalating trade war with the US. Since then, the CNY has shown weakness against USD, breaking 6.9 versus the USD, but also against major global currencies. The looming prospect of the China-US relationship, as well as a likely continued lax monetary policy in China, has all pointed to a weaker yuan, at least in the short term.
2 years ago

Singapore to dominate forex with sub-second speeds

MAS looks for ultra-fast platforms that could route currency trades in milliseconds.
2 years ago

Taiwanese banks' yuan deposits up to $42.34b in March

RMB deposits held by offshore banking units rose by $200m to $5.06b.
2 years ago

Japan boosts money laundering defences

MUFG Bank and Mizuho Bank will halt international cash remittances from June.
2 years ago

Citi to set up FX pricing and trading engine in Singapore

It will feature a proprietary pricing and hedging algorithm and offer 23 spot currencies.
2 years ago

South Korean banks' forex turnover hits decade-high at $55.51b in 2018

Strong capital inflow boosted yearly figures.
2 years ago

Taiwanese banks' yuan deposits shrinks to 4-year low in December

This represents the third straight month of decline.
2 years ago

Korea slaps $600,000 fine on 4 global banks over forex rigging

JP Morgan Chase faced the highest penalty of $223,000.
2 years ago

Singapore leads innovation in Asia's forex sector with distributed ledger and eFX

It rolled out Project Ubin, a collaboration exploring blockchain for settlement of payments and securities.
2 years ago

Indonesia's big 4 banks hold firm against tumbling rupiah

Their low dollar balance sheet cushions the blow.
2 years ago

UBS to launch eFX engine in Singapore by Q2 2019

It is expected to improve the FX market’s transparency and efficiency.
2 years ago

Philippine banks tie up with Bank of China to launch peso-renminbi spot market

Individuals can soon change renminbi into peso and vice versa.
3 years ago