EastSpring Investments Connects to SGX FX

Eastspring Investments, the asset management business of Prudential, has moved to enhance automation levels in its FX business by connecting to SGX FX, something the firms say “supports the Monetary Authority of Singapore’s (MAS) ambition to develop Singapore’s FX market to better serve the region’s growing trading and hedging needs”.

The integration will be at SG1 and focuses on workflow solutions as Eastspring seeks to streamline the entire FX workflow from order routing, including pre-and post-trade analytics and automated execution.

The firms also add the move “goes beyond technological adoption: by embracing innovation and automation, [Eastspring] is also proactively shaping the digital transformation and market standards of Asia’s FX landscape”. This is a point picked up by Matthew Valath, assistant director – dealing, Eastspring Investments, who says, “This partnership with SGX FX is a significant step in our journey to lead digital transformation in Asia’s FX markets. By integrating their advanced workflow solutions with our expertise, we are not just enhancing our operational excellence; we are actively striving to deliver the best for our customers.”