Jump Liquidity to Launch Pricing Engine in Singapore
- The firm says it will improve connectivity and liquidity for its clients in the region
Jump 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, a part of Jump Trading, announced on Monday that it is launching a pricing engine in Singapore.
The trading solutions provider will be working alongside the Monetary Authority of Singapore (MAS) to bring its pricing engine to the small city-state.
“We are excited that Jump Liquidity will be expanding its e-trading offering for FX in Singapore," said Gillian Tan, head of MAS' financial markets development department.
The diverse mix of players – banks, non-bank Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term and trading platforms – that have set up their e-trading engines in Singapore demonstrates the potential of e-trading in FX in the region, and is a reflection of Singapore’s standing as the centre of FX execution in the Asia-Pacific region.”
Better liquidity, faster connectivity
As its name might imply, Jump Liquidity provides pricing to a number of different market participants across several different asset classes.
The company already has pricing engines in New York and London and will be adding a third one to its Tokyo operations in the near future.
Jump Trading has already had an office in Singapore for around ten years. The pricing engine, which is likely to go live in the third quarter of this year, will support the company's existing client base in the region.
In a statement, Jump Liquidity said that the addition of the new engine, which is part of its efforts to grow its FX offering, would provide its partners with better connectivity and improved liquidity.
"Singapore is a key trading centre for Asia-Pacific, and we are committed to actively growing our business in the region," said Daniel Sheen, head of sales and distribution for Jump Liquidity in Asia.
"With the new pricing capability set up in Singapore, we can provide our counterparties with greater liquidity and efficiency in G10, Precious Metals and Emerging Markets transactions.”
Jump 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, a part of Jump Trading, announced on Monday that it is launching a pricing engine in Singapore.
The trading solutions provider will be working alongside the Monetary Authority of Singapore (MAS) to bring its pricing engine to the small city-state.
“We are excited that Jump Liquidity will be expanding its e-trading offering for FX in Singapore," said Gillian Tan, head of MAS' financial markets development department.
The diverse mix of players – banks, non-bank Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term and trading platforms – that have set up their e-trading engines in Singapore demonstrates the potential of e-trading in FX in the region, and is a reflection of Singapore’s standing as the centre of FX execution in the Asia-Pacific region.”
Better liquidity, faster connectivity
As its name might imply, Jump Liquidity provides pricing to a number of different market participants across several different asset classes.
The company already has pricing engines in New York and London and will be adding a third one to its Tokyo operations in the near future.
Jump Trading has already had an office in Singapore for around ten years. The pricing engine, which is likely to go live in the third quarter of this year, will support the company's existing client base in the region.
In a statement, Jump Liquidity said that the addition of the new engine, which is part of its efforts to grow its FX offering, would provide its partners with better connectivity and improved liquidity.
"Singapore is a key trading centre for Asia-Pacific, and we are committed to actively growing our business in the region," said Daniel Sheen, head of sales and distribution for Jump Liquidity in Asia.
"With the new pricing capability set up in Singapore, we can provide our counterparties with greater liquidity and efficiency in G10, Precious Metals and Emerging Markets transactions.”