FXBrokerFeed take on the Asia Trading Summit that was held in Shanghai during last week of March, and for the third consecutive year, is that it has morphed into a must-attend world-class event.
The first quarter 2019 is finally on the home stretch. Forex Broker comparison service provider FXBrokerFeed, has published its weekly update, with comparisons, recaps of latest news, and trends in the forex market.
Asia Trading Summit 2019
FXBrokerFeed take on the Asia Trading Summit that was held in Shanghai during last week of March, and for the third consecutive year, is that it has morphed into a must-attend world-class event.
FXBrokerFeed notes the number of participants that peaked at over 5000, grants credence to Finance Magnates and FX168’s organizational acumen, to deliver unique experiences to a highly discerning global forex market peerage.
The presentations by a galaxy of reputable FX industry thought leaders, and state of the art exhibitions delighted, and captured the imagination of enthusiastic investors, traders, exchanges, and industry prospects.
The participants sampled exclusive cutting-edge technologies, and gained a deeper insight into FX innovation. The conducive networking sessions, to take full advantage of the latest, and trending global FX ecosystem will continue to generate positive ripple effects, in a burgeoning Chinese, and South East Asian FX market.
SGX Aquires 20% of BidFX Equity
FXBrokerFeed also reviewed Singapore Exchange (SGX) acquisition of 20% BidFX equity during the same week under consideration. This is a strategic move by SGX to bring on board OTC FX trading competencies, to complement an already impressive, and rapidly growing FX Futures suite.
FXBrokerFeed observes that SGX futures with a daily turnover of USD 4.4 billion, and notional open interest of USD 5.4 billion position it as the largest FX Exchange in Asia, and third globally.
FXBrokerFeed cites SGX Chief Executive Officer, Loh Boon Chye’s sentiment that “BidFX’s specialized products to hedge funds, asset managers and regional banks, in addition to liquidity aggregation support for FX spot”, will boost its market position by offering a choice of comprehensive FX products to a rapidly expanding global FX market, way into the future.
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