Until China Opens Up: Singapore – the Gateway to Asia

[kreslik.news]

The growth of Singapore’s importance as the leading Asian FX trading hub has been proved on many levels.

Seemingly, the most significant breakthrough had already been achieved in 2013 when the Bank for International Settlements (BIS) reported that Singapore had overtaken Japan as the third major FX trading center of the world. Singapore, with a 5.7% market share was ahead of both rival Asian financial hubs – Japan and Hong Kong.

A similar evolution is being observed in the case of regulated FX futures turnover. Back in January of 2015, the total trading volume at the Singapore Exchange (SGX) was equivalent ... (read more)