J.P. Morgan to Launch Electronic FX Engine in Singapore

J.P. Morgan announced that it will establish an electronic FX trading and pricing engine in Singapore, with support from the Monetary Authority of Singapore (MAS).  The new trading platform is designed to speed up trade executions for clients. Scheduled to launch in early 2020 according to a story in MarketsMedia, the new trading engine will be J.P. Morgan’s fourth electronic FX trading infrastructure globally that allows clients to conduct FX transactions effectively according to their geographical locations, adding to its existing platforms in New York, London and Tokyo. The partnership with MAS is part of the central bank’s strategic initiative to develop Singapore into a global price discovery and liquidity center for FX during Asia trading hours.