Nomura Announces the Launch of e-FX Pricing and Trading Engine in Singapore

Nomura, a leading Asian financial services firm, today announced the launch of an electronic foreign exchange (e-FX) pricing and trading engine in Singapore. Nomura mentioned that the company has received support from the Monetary Authority of Singapore (MAS) for the establishment of the e-FX engine in the region.

According to the official press release, the latest e-FX engine in Singapore will be Nomura’s fourth pricing engine as the company already has e-FX pricing engines in Tokyo, New York and London. Nomura is planning to facilitate its Asian client base through the latest initiative.

Commenting on the recent announcement, Rig Karkhanis, Deputy Head of Global Markets and Global Head of FX and Emerging Markets at Nomura, said: “As a global financial services group with a strong presence in Singapore, we are fully committed to supporting the city-state’s development as a major global FX hub. This initiative, which is expected to go live later this year, will help support our clients with better infrastructure for Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, improved access to 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, and effective price discovery.”

The recent announcement from Nomura came one month after Deutsche Bank, a leading German financial services provider, announced the establishment of an emerging market FX trading engine in Singapore amid a surge in demand for the Chinese Yuan.

Singapore as a Trading Hub

In addition, the press release highlighted the strategic plan of the Monetary Authority of Singapore to strengthen Singapore’s position as a major trading hub. “MAS welcomes Nomura’s establishment of its FX pricing and matching engine in Singapore. It will bolster the build-up of a critical mass of market participants in our FX e-trading ecosystem, and strengthen Singapore’s proposition as a leading FX hub in the Asian time zone,” said Lim Cheng Khai, Executive Director of Financial Markets Development at MAS, said in the announcement.

Nomura reported 170 billion Yen in net revenues during Q4. The financial services provider took a major hit of 245.7 billion yen from transactions with a US-based client.