Singapore Exchange (SGX) has launched SGX Bond Pro, the first OTC trading venue dedicated to Asian bonds. The service is powered by TradingScreen's Galaxy global fixed income platform infrastructure.
SGX
Bond Pro connects buyers and sellers of Asian bonds and provides them
with multiple trading protocols that cater to their liquidity needs.
Muthukrishnan
Ramaswami, the President of SGX, said, "SGX Bond Pro is indicative of
our strategy to innovate and build infrastructure where there is a clear
market demand. It also demonstrates our ability to develop solutions
that address the liquidity challenge in the Asian bond market. We
continue to receive positive feedback from the market and we hope that a
strong community will anchor itself around this innovative platform.
The partnership with TradingScreen has offered SGX the opportunity to
offer a world class trading venue in record time."
Philippe
Buhannic, CEO of TradingScreen, says, "This launch is the start of a
revolution in fixed income trading in Asia and represents a significant
milestone in the fixed income market, as well as, a technology
breakthrough. The single trading model that the market has been using
over the past decade has proved limited in handling the demands of the
buy-side."
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