JP Morgan's Singapore FX Trading Engine Goes Live

JP Morgan Chase has launched a foreign exchange (FX) trading and pricing engine in Singapore that will speed up clients’ trade executions, the firm announced today.

This is the bank’s fourth electronic FX trading infrastructure platform, with the other three located in New York, London, and Tokyo.

Covering a full range of FX and precious metals, the new engine enables clients to conduct FX transactions according to their geographical location.

Strategic partnership with MAS

The latest platform was launched with support from the Monetary Authority of Singapore (MAS), according to JP Morgan.

The partnership with the MAS is part of the central bank’s strategic initiative to develop the Republic into a global price discovery and 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 center for FX during Asia trading hours.

When the plan for the launch was first announced in August 2019, Sudhanshu Sandadhya, Head of Asia Currencies and Emerging Markets Trading at the bank, said that Singapore remains JP Morgan’s long-standing FX hub in Asia Pacific and that this partnership with MAS will improve client experience through reduced latency in trade execution and greater price transparency.

“JP Morgan’s decision to launch its electronic FX trading engine in Singapore is a welcome boost to Singapore and Asia’s FX market. A number of top-tier global players are building out their electronic trading and pricing engines here, which is strong validation and endorsement of Singapore as a global FX centre. With the growth in Asia’s FX trading needs and increasing demand for more efficient price discovery in the Asian time-zone, regional market participants will benefit from the better connectivity and latency as well as enhanced pricing and trade execution in the Singaporean electronic trading FX ecosystem,” Gillian Tan, Executive Director, Financial Markets Development Department at MAS, said back then.

Increased trading flows

According to Sanadhya, the platform will support increased trading flows in Singapore.

“With market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term at record levels, we are pleased to provide clients with additional infrastructure to support their global price discovery and liquidity needs at such a critical juncture,” he said.