SMBC’s worldwide network and specialised pricing will enhance the liquidity of Asian currencies on SGX FX’s eFX trading solutions platform for global buyside institutions.

SGX FX is pleased to announce the addition of Sumitomo Mitsui Banking Corporation (SMBC) as a key liquidity provider on its platform. SMBC was the first Japanese mega bank to stream prices directly to SGX FX clients and now extends this to SGX CurrencyNode, an electronic communication network operated by SGX FX.

 SMBC is a leading Japanese multinational institution headquartered in Tokyo, Japan, and brings its extensive expertise and global reach to SGX FX’s growing network. The global bank operates across retail, corporate, and investment banking segments, offering comprehensive financial services worldwide.

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

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

Salim Zaman, Executive Officer, Co-Head of Global Markets and Treasury Department, Asia Pacific at SMBC said, “We are excited to connect to SGX CurrencyNode, as it aligns with our commitment to delivering comprehensive eFX 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.”

Both parties anticipate the favourable impact this partnership will bring to stakeholders and the wider industry, solidifying their dedication to providing exceptional services and value.

Source: SGX