Foreign Exchange
South Korea's FX reserves hit $417b at end-July
South Korea's FX reserves hit $417b at end-July
It reached a record-high in the value of non-dollar assets and investment return.
South Korean banks' daily FX turnover tumbled 12.4% in Q2
Values were hit due to the cut in transactions and fluctuations in exchange rates.
Thailand permits non-bank firms to provide foreign e-money
An operator must have a minimum registered paid-up capital of $3m (THB100m).
MAS establishes $60b USD facility for banks
It aims to support more stable USD funding conditions in Singapore.
Taiwan's central bank to stabilise forex after US rate cut: report
The US made its first emergency cut since 2009 as COVID-19 continues to spread.
Deutsche Bank floats FX digital platform in Sri Lanka
Clients can pay in local currency between two Asian markets.
SGX FX futures trading volume hit $175.12b in January
USD/CNH and INR/USD futures both jumped.
Global FX market daily turnover hits $6.6t in 2020
A 40% increase in daily forex trading volume was noted over the last decade.
Singapore steps up efforts to boost FX ecosystem as Hong Kong closes in fast
Citi launched a pricing engine that cuts the time it takes to route a trade between Singapore to Tokyo.
BNP Paribas to launch e-FX pricing and trading engine in Singapore
The tech will offer e-FX trading of 50 currencies across various types of rates.
Singapore, Japan central banks extend bilateral currency swap program
Under the agreement, Singapore provides yen liquidity to eligible financial firms to support cross-border operations.
ICBC, CCDO, SGX to endorse new renminbi bond indices
The new bond indices can be used as performance basis for investing in RMB bonds.
Singapore ranks as the world's third largest foreign exchange centre
Average daily FX trading volume hit $870.63b in April.
J.P. Morgan to set up electronic FX trading and pricing engine
It will launch in early 2020.
Hang Seng Bank adds forex functionality to AI-powered chatbot
Users can request data on current rates and detect nearby FX ATMs.
Standard Chartered launches one-stop digital forex platform
It allows clients to personalise watchlists and price alerts.
Standard Chartered to launch FX e-trading and pricing in Singapore
It will allow FX e-trading of over 130 currencies.
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