ING has announced the expansion of its electronic foreign exchange (eFX) capabilities in Singapore, establishing a new regional trading hub aimed at providing faster execution and smarter pricing for clients across Asia Pacific (APAC). This development comes as part of a broader industry trend of increasing eFX demand in the region, with global banks enhancing their FX engines in Singapore.
The integration with the SG1 data centre and the wider eFX ecosystem will enable ING to offer clients faster trade execution, lower latency, and improved liquidity access. The bank’s AI-powered risk management capabilities will allow for smarter and more adaptive FX pricing, enhancing transparency and execution efficiency. Obbe Kok, head of Financial Markets at ING APAC, stated, “With Singapore playing a growing role in global FX markets, our enhanced capabilities at SG1 demonstrate ING’s commitment to clients across APAC.”
The Singapore hub will complement ING’s global network in Amsterdam, London, and New York, ensuring seamless, around-the-clock market access. This expansion aligns with the industry’s shift towards digital, real-time, and data-driven trading, reinforcing ING’s leadership in delivering future-ready solutions.
Additionally, ING plans to bolster its commodity trading capabilities in APAC to meet the rising demand for precious metals. Lim Cheng Khai, executive director at the Monetary Authority of Singapore, welcomed the launch, noting it adds diversity and depth to the region’s FX market.
As the FX markets continue to evolve, ING’s expanded presence in Singapore is set to offer enhanced pricing efficiency and robust risk management, catering to the unique demands of Asia’s dynamic markets.
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