singapore
The First Renminbi Trading Hub in North America Is Toronto
- The Canadian capital has become the first financial center in North America to clear trade in Chinese yuan as China and Canada sign a reciprocal currency deal aiming to facilitate trade between the countries.
Tuesday, 11/11/2014 | 12:52 GMT by
Victor Golovtchenko
BNY Mellon Launches FX Desk in Singapore, Names Keon Ho Kang as Head
- Global custody bank, BNY Mellon has joined an ongoing trend by launching its newly created foreign exchange dealing room, based out of Singapore, installing Keon Ho Kang as the room’s newest Head.
Tuesday, 28/10/2014 | 09:35 GMT by
Jeff Patterson
China Extends Sphere of Influence in Asia by Stitching Closer Ties with Singapore
- As China's economic mass continues to expand, its influence on neighbouring countries and world markets is following suit. With Yuan liberalisation continuing at a measured pace, Singapore is in a prime position to benefit.
Monday, 27/10/2014 | 13:31 GMT by
George Tchetvertakov
SGX’s RMB Futures Contracts Soar in Debut As Chinese Currency Demand Heightens
- The SGX offering of recently launched Chinese Renminbi (RMB) futures, including both the USD/CNH and CNY/USD, has been met with insatiable demand, helping contribute to swelling volumes in its debut.
Tuesday, 21/10/2014 | 06:34 GMT by
Jeff Patterson
Citi Launches Automatic Renminbi Sweeping Through the Shanghai FTZ
- Cash pooling of the Renminbi currency has been an issue for virtually all companies who have been receiving cash income in CNY, the automated sweeping solution by Citi is bridging the gap though Shanghai FTZ rules.
Thursday, 16/10/2014 | 07:48 GMT by
Victor Golovtchenko
SGX Launches New Singapore Kilobar Gold Contract To Facilitate Physical Gold Trading
- As the Asian market remains to be the key driver for bullion trading, the Singapore Exchange launches new contracts aiming to become a leading trading venue after the government scrapped a tax on investment grade gold.
Thursday, 02/10/2014 | 09:59 GMT by
Victor Golovtchenko
Singapore Exchange Launches New Research Portal as Authorities Seek Internationalization
- In a coinciding move, Singaporean authorities and the country's SGX bourse unveil initiatives that are expected to provide transparency, international standardization and better due diligence for the region.
Monday, 22/09/2014 | 09:54 GMT by
George Tchetvertakov
Standard Chartered Names Karin Flinspach as Head of Currency Products
- Standard Chartered Plc has continued its summer hiring spree, naming Karin Flinspach to the role of Head of Currency Products in its international Transaction Banking division, effective immediately.
Thursday, 04/09/2014 | 13:42 GMT by
Jeff Patterson
Monetary Authority of Singapore Aims to Make Bond Buying Easier for Retail Investors
- Providing the allegedly safest asset class alternative to retail investors is the right way to go, but isn't the MAS a bit too late to the party with this move and can it provide adequate shielding?
Monday, 01/09/2014 | 22:01 GMT by
Victor Golovtchenko
Nations of Southeast Asia Drive for Capital Markets Cooperation and Integration
- The Association of Southeast Asian Nations is set to to take collaborative actions to promote the region as one asset class for investors. Thailand, Singapore and Malaysia now share cross border mutual funds.
Monday, 25/08/2014 | 17:21 GMT by
Avi Mizrahi
Phillip Futures Adds ICE Futures Clearing to Its List of Venues Membership
- The Chicago-based futures commission merchant (FCM) and forex dealer member (FDM), Phillip Futures Inc. is now a clearing member of ICE Futures, adding to CME, CBOT, NYMEX, COMEX, NYSE-LIFFE, CFE and DME.
Tuesday, 29/07/2014 | 17:05 GMT by
Avi Mizrahi
All Investment Products in Singapore Set to Require Complexity and Risk Ratings
- The Monetary Authority of Singapore seeks to make a few changes to its regulatory framework its says are needed for safeguarding investors’ interests, including treating professional investors as retail.
Monday, 21/07/2014 | 14:18 GMT by
Avi Mizrahi
Ayondo Opens an Office in Singapore after Unifying Its Brand
- ayondo Holding AG is behind FCA regulated spread betting and CFD brokerage formerly known as Gekko Global Markets, renamed to ayondo markets Ltd and Frankfurt based social trading platform developer ayondo GmbH.
Friday, 11/07/2014 | 05:34 GMT by
Victor Golovtchenko
Anticipating regulation and greater opportunity, itBit moving to New York
Tuesday, 08/07/2014 | 12:54 GMT by
Leon Pick
Payment Picks: Twitter Gains “Buy Now” Utility, Singapore Immersed in Payment Fraud
- Several notable developments transpired this past week across the world of payments, highlighted by a new Ecommerce function for Twitter and an alarmingly high outbreak of online payment fraud permeating Singapore.
Friday, 04/07/2014 | 14:35 GMT by
Jeff Patterson
Bitcoin Hiring Continues as itBit Adds Former PayPal and SecondMarket Employees
Thursday, 08/05/2014 | 11:35 GMT by
Ron Finberg
Singapore Surpasses London for Second Top Offshore Yuan Clearing Destination
- Hong Kong retains its top position by a huge margin, with 72.4% of transactions in offshore Renminbi, as Yuan volatility picks up and demand for FX clearing services keeps rising in South-East Asia.
Monday, 28/04/2014 | 22:06 GMT by
Victor Golovtchenko
ICE Appoints Lucas Schmeddes to Head its Singapore Operations
- After the InterContinental Exchange Group has concluded the deal with the Singapore Mercantile Exchange last year, it has become the first non-Asian exchange that owns its own clearing house in the region.
Wednesday, 16/04/2014 | 11:58 GMT by
Victor Golovtchenko
Singapore's Central Bank Committed to Strong SGD, Drawn Into FX Fixing Scandal
- The Monetary Authority of Singapore remains committed to a strong exchange rate after its first monetary policy meeting in 2014, no official comment regarding its involvement in the FX fixing scandal.
Monday, 14/04/2014 | 07:46 GMT by
Victor Golovtchenko
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