R5 Garners Live Trading Authorization from MAS

R5, an emergent marketplace for local market FX trading, has announced the initiation of live trading in Singapore, after it garnered authorization from the Monetary Authority of Singapore (MAS), expanding the group’s reach in the Asia-Pacific (APAC) Asia-Pacific (APAC) The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or Read this Term) region, according to an R5 statement.

R5 is a London-based FinTech start-up that underwent beta testing in Q4 2015, which has since permeated a number of emerging and regional markets, with a main inclusion being the Latin American (LATAM) space. R5 has also been a staunch advocate for a shift away from voice trading to a more transparent and efficient screen-based market as it gears up an expansion into EM.

R5 had originally gone live with London clients during the Q1 of 2015, for eNDF trading. While past initiatives have focused on other emerging markets (EM), namely LATAM, its latest ambitions in Singapore are of strategic importance for a broader APAC strategy, culminated in its Association of Southeast Asian Nations (ASEAN) launch, given the robust volumes of EM and local market currencies dealt in Singapore.

According to Roy Koh, Director, Asia Business Development at R5, in a recent statement on the authorization: “With its modern infrastructure and political stability, Singapore is a major centre for FX trading. It continues to see significant FX volumes and a sizeable share of G10 and emerging market e-trading.”

“Many of our Singapore clients were involved at the inception of R5, seeking an electronic alternative for NDFs and emerging market FX to better service their customers and hedge their risk. It’s their market, and our job to provide new sources of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, as well as improve the market structure. With their input we have developed our purpose-built platform, to which we will be adding more emerging market currencies and new services throughout 2016,” added Jon Vollemaere, Chief Executive Officer (CEO) of R5 in an accompanying statement.