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Macquarie to Launch FX Trading Engine in Singapore

Macquarie has confirmed plans to establish a foreign exchange (FX) trading and pricing engine in Singapore in what will become the broker-dealer’s third FX trading hub globally. The trading hub, expected to launch in the first quarter next year, will be an extension of the commodities and global markets division’s digital trading platform Aurora, which allows clients real-time access to Macquarie’s products and services. Macquarie said locally hosted liquidity on the engine will give users access to developed and emerging regional markets including Australia, Singapore, Japan, China, Korea, and India. The brokerage operates similar FX trading and pricing engines in London and New York.

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