SGX FX and Rand Merchant Bank (RMB) have entered a strategic partnership aimed at broadening liquidity access and enhancing the distribution of African currencies to global market participants. The collaboration marks an important advancement in SGX FX’s growth ambitions across emerging markets and deepens its engagement with Africa’s rapidly evolving FX landscape.

With the evolution of electronic trading, there has been strong appetite for African liquidity to support the evolving buy side need. Under the partnership, RMB – a leading African corporate and investment bank with longstanding FX expertise across the continent – has integrated its liquidity engine into SGX FX’s global infrastructure. This connection will give international participants streamlined access to pricing and execution across a wide range of African currencies on both a deliverable and non-deliverable basis, further extending SGX FX’s role as a bridge between regional markets and the global FX community.

Bringing together SGX FX’s global network and RMB’s extensive local insight, the partnership supports expanding international demand for African currency exposure. It also reflects a shared ambition to promote deeper liquidity, more efficient market access and stronger participation in emerging‑market FX.

Roger Lee, Global Head of Sales at SGX FX, commented: “This partnership with RMB is an exciting step forward as we continue to build connectivity between global participants and fast‑growing emerging markets. Africa represents a dynamic and increasingly important region within global FX. RMB’s strong presence across the continent significantly enhances our ability to provide clients with transparent, efficient access to African currencies.”

Tim Hutchinson, Head, Global FX at RMB, added: “Collaborating with SGX FX allows us to extend African FX liquidity to a wider international audience through a trusted, globally connected platform. By combining RMB’s depth in African markets with SGX FX’s robust distribution capabilities, we are helping to create a seamless link between international investors and the continent. Our focus on innovation, liquidity and client service is aligned, and we look forward to supporting greater participation in African FX.”

Source: SGX