Singapore’s Legend Danny Yong Invests in Spark’s Forex Trading Platform

[kreslik.news]

Foreign exchange startup Spark Systems, a new forex trading platform that aims to facilitate faster and more affordable currency trading in Singapore, has raised $5 million in funding from Dymon Asia Capital, the $5.5 billion investment manager whose currency hedge fund returned 56 percent last year.

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The venture elaborates that its long-term goal involves building a forex exchange marketplace that can be globally competitive. This is instead of routing orders of Asia-based institutional investors to London or New York, adding milliseconds to transaction times ... (read more)