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The Stock Exchange of Singapore (SGX) announced on Wednesday that it has launched a new FX futures solution. SGX FlexC FX Futures will enable investors to trade custom FX futures, as though they were over-the-counter contracts, and clear those trades on the SGX platform.
SGX aims to launch the new service in late August having developed it in conjunction with a number of market participants. Traders will be able to negotiate deals privately, but expiration dates are registered and cleared like a regular SGX FX futures contract.
According to SGX’s statement, the futures contracts will, at least initially, only be available in ... (read more)