SMBC Joins SGX FX

SGX FX has added Sumitomo Mitsui Banking Corporation (SMBC) as a liquidity provider on its platform, the bank was the first Japanese bank to stream prices directly to SGX FX clients and now extends this to SGX CurrencyNode, SGX’ ECN.

SGX says the addition “greatly enhances the liquidity and depth of SGX FX’s offerings, benefiting traders and investors with improved access to Japan’s financial markets”.

“We are pleased to be a partner with SMBC, having a part in their global strategy to service clients across the financial industry,” says Jean-Philippe Malé, president of SGX FX. “Our global clients will undoubtedly enjoy quality access to one of Japan’s largest banking institutions.”

Salim Zaman, co-head of global markets and treasury department, Asia Pacific at SMBC, adds, “[Connecting] to SGX CurrencyNode aligns with our commitment to delivering comprehensive e-FX solutions to our clients. This partnership demonstrates our continuous efforts to expand our market reach and provide seamless access to liquidity across key financial hubs in Asia.”