Deutsche Bank to Launch FX Trading Hub in Singapore

Deutsche Bank announced that it will establish an electronic foreign exchange (e-FX) hub in Singapore by developing an FX trading and pricing engine onshore, in conjunction with the Monetary Authority of Singapore. The Singapore e-FX hub will provide clients with the ability to execute FX transactions more closely aligned with geographic location, reducing latency, improving on local price transparency and liquidity. The Deutsche Bank e-FX hub will be developed and staffed locally and will be aligned to Deutsche Bank’s focus across e-trading, fintech clients, and digital FX payments.