EBS BrokerTec, ICAP’s electronic foreign exchange (FX) and fixed income business, and Singapore Exchange (SGX) have signed a definitive agreement to launch SGX-listed FX block futures on EBS BrokerTec’s FX central limit order book (CLOB), EBS Market, a primary venue for e-traded currencies.
The collaboration between EBS BrokerTec and SGX announced in January will bridge the FX over-the-counter (OTC) and futures markets.
The agreement announced today will enable market participants to seamlessly access an enhanced liquidity pool for trading Asian Spot, NDF and Futures insturments via the EBS Market.
The listed FX block futures will be available on EBS Market in early 2Q2016 pending regulatory approval.
The initial offering will include SGX block futures in INR, KRW, CNH, SGD and CNY.
Trades will be cleared through SGX’s next generation trade registration system, Titan OTC.
EBS BrokerTec’s direct connectivity into Titan OTC will provide customers with automated straight-through-processing for trades matched electronically on EBS Market and SGX’s central clearing will provide increased capital efficiency.
This is the first initiative that EBS BrokerTec and SGX is bringing to the market, as part of a long-term strategic partnership.
Shares in SGX closed 0.53% lower at $7.57 on Nov 18.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
The collaboration between EBS BrokerTec and SGX announced in January will bridge the FX over-the-counter (OTC) and futures markets.
The agreement announced today will enable market participants to seamlessly access an enhanced liquidity pool for trading Asian Spot, NDF and Futures insturments via the EBS Market.
The listed FX block futures will be available on EBS Market in early 2Q2016 pending regulatory approval.
The initial offering will include SGX block futures in INR, KRW, CNH, SGD and CNY.
Trades will be cleared through SGX’s next generation trade registration system, Titan OTC.
EBS BrokerTec’s direct connectivity into Titan OTC will provide customers with automated straight-through-processing for trades matched electronically on EBS Market and SGX’s central clearing will provide increased capital efficiency.
This is the first initiative that EBS BrokerTec and SGX is bringing to the market, as part of a long-term strategic partnership.
Shares in SGX closed 0.53% lower at $7.57 on Nov 18.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment