Singapore engine push yet to win over all LPs
JP became latest to improve local pricing capability on April 1, but other LPs are sceptical
While a number of firms have answered Singapore’s call to set up trading engines in the city-state, some liquidity providers are still reluctant to commit, citing a lack of local liquidity and inertia from the primary FX platforms.
JP Morgan became the latest firm to turn on a trading and pricing engine in Singapore this month, as it made its system for FX and precious metals live on April 1. The Monetary Authority of Singapore (MAS), which is encouraging the move, is in talks with at least two
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