UBS to launch eFX engine in Q2 2019

It is expected to improve the FX market’s transparency and efficiency.

UBS launched an electronic foreign exchange (eFX) pricing and trading engine in Singapore in partnership with the Monetary Authority of Singapore (MAS). The engine will go live in the second quarter of 2019.

According to an announcement, the launch is expected to “promote greater transparency and efficiency for the foreign exchange market.” UBS centres its FX, rates, and credit business in Asia.

The engine is in line with MAS’ vision of enhancing eFX trading infrastructure, as part of its Financial Services Industry Transformation Map, said MAS executive director and head of financial markets development Alan Yeo.

Anthony Hall, head of foreign exchange, rates and credit (FRC) in Asia Pacific at UBS, commented, “The engine will provide our clients with greater liquidity and increased efficiency in the foreign exchange markets. Our collaboration with the MAS reaffirms Singapore’s importance as a global FX centre and reflects the growth of opportunities in Asia.”

Also Read

ESR-LOGOS secures $225m and JPY15.5b sustainability-linked term loans

Singapore leads SEA in FinTech funding

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit