Edgewater Markets to Launch FX Trading and Pricing Engine in Singapore

Edgewater Markets announced on Monday that it will launch a new foreign exchange (FX) trading and pricing engine in Singapore (SG1), which will be an extension of its global growth strategy.

The new offerings will be launched in the fourth quarter of 2021 and are in line with the Monetary Authority of Singapore’s (MAS) strategic push to make Singapore the top FX trading center in the Asia-Pacific region.

Commenting on the prospect, Edgewater’s APAC Business Head, Shilpa Dubey, said: “We are very excited to be a part of the larger Singapore FX journey as the premier FX e-trading center in Asia. Edgewater Markets will be investing in building out a local instance of our global FX trading system (EdgeFX.Pro™), combining our time-tested trading and pricing algorithms with ultra-low latency co-location connectivity.”

Making Regional FX Hubs

Additionally, Edgewater elaborated that it will partner with local industry participants in Singapore and the surrounding region to strengthen its presence in the Asia-Pacific.

After the launch, Singapore will become Edgewater Markets’ fifth electronic FX trading hub globally, apart from the existing New York (NY4), London (LD4), Mexico’s Kio5 (LatamFX) and Tokyo (TY3).

Earlier this year, the company launched EdgeFXAsia, which provides services to spot FX, NDFs and precious metals, to eliminate major latency issues for regional clients.

“With local SG1 based trading infrastructure, pricing, trading and order matching, our internal trading foreign exchange volumes will execute with bespoke local connectivity and all of our Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term consumers and white label trading partners will benefit from better price discovery, lower latency and improved Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term quality,” said Brian Andreyko, Chief Product Officer at Edgewater Markets.

Edgewater’s Chief Operating Officer, Matthew Kassel, added: “Our decision to set up an SG1 based engine demonstrates our continued commitment to our clients in Singapore and in the neighboring regions. With the expectations of expanding our client base, we also look to grow the Asia team by hiring more local talent to increase our client coverage and technology distribution.”