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Singapore
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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7 Things We Wish Someone Had Told Us Before We Started Trading
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Bybit Launches Fixed Rate Loan: A Brand-New Offering for
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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Executive Moves
ADDX Announces Appointment of New CEO
2022-03-07T11:11:02.071+02:00
Oi-Yee Choo initially joined ADDX in January 2020 as Chief Commercial Officer.
By the end of 2023, the company is planning to hit total transaction volumes of $1 billion.
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Singapore Court Freezes $7 Million in Stolen Cryptocurrencies
2022-03-04T15:08:39.752+02:00
The court ruled despite the identity of the perpetrators is not known.
The cryptocurrencies were found on two Singapore-based crypto exchanges.
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FinTech
Fintech Firm Wise Plans to Add Up to 150 Jobs in Its Singapore Office
2022-02-16T18:00:00.000+02:00
Wise aims to create 150 new jobs in Singapore.
The fintech considers Singapore as its Asia-Pacific hub.
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DBS Plans to Launch Retail Crypto Trading Services in 2022 End
2022-02-14T12:07:52.577+02:00
The lender is now offering crypto trading services to institutional clients.
Demand for its crypto services exploded in Q4 2021.
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Brokers
Chinese Online Broker Futu Gets Singapore Trading Approval
2022-02-13T08:59:46.246+02:00
The broker will start providing trading, clearing, and investment services in Singapore
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Regulation
MAS's Upcoming Best Execution Rule: Why It Matters?
2022-02-11T15:03:06.027+02:00
The new rules will come into effect on March 3, 2022.
They are very similar to the MiFID II regulations.
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Retail FX
Analysis: Forex Traders from Singapore Spend More than $1,743 on Their First Deposit
2022-02-10T11:06:28.012+02:00
Over 50,000 retail investors speculated in the Singapore FX/CFD market in Q4 last year.
There are 39 different entities licensed to offer leveraged foreign exchange trading.
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News
Franklin Templeton and F10 to Launch Fintech Incubator in Singapore
2022-02-09T14:13:15.137+02:00
The incubation program will support emerging financial technology companies.
The two-year program will start in July 2022.
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News
Singapore’s Financial Technology Company STACS Partners with CSOP
2022-02-09T09:58:31.199+02:00
The firm collaborated as a blockchain platform provider for OTC derivatives trade processing.
The partnership also received support from IMAS.
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Revolut Gains Commodities Trading License from Singapore’s MAS
2022-01-05T10:06:19.172+02:00
The fintech is planning to roll out trading services with gold and silver exposure.
It will allow customers to invest as low as $1 in commodities.
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Brokers
Samtrade FX Stops All Services amid Singapore Investigation
2022-01-04T13:53:15.429+02:00
The trading platform has stopped withdrawals.
It has requested to put the entities under judicial management.
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Retail FX
Samtrade FX Faces Probe in Singapore, 3 Men Arrested
2022-01-03T15:24:46.434+02:00
The trading platform is allegedly offering unlicensed trading services in the country.
The authorities are investigating the parent and the two Singapore entities.
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News
Crypto.com Joins Singapore Blockchain Innovation Programme as Gold Member
2021-12-29T09:47:13.294+02:00
SBIP will increase the adoption of blockchain technology across different sectors.
The Singapore Blockchain Innovation Programme was launched in December 2020.
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Brokers
ayondo's Loss for Q3 2021 Deepens to $255K
2021-11-12T15:26:32.000+02:00
The company closed the quarter with negative working capital of SGD 3.4 million ($2.5 million).
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Brokers
Saxo Bank Provides Trading Infrastructure to HSBC Customers in Singapore
2021-11-12T12:51:32.000+02:00
The integration into the banking system will be made using Saxo’s OpenAPI.
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Institutional FX
Tiger Brokers Joins SGX as Securities Trading and Clearing Member
2021-11-09T14:30:02.000+02:00
The securities market of Singapore Exchange now has 26 trading members and 26 clearing members.
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Brokers
Tiger Brokers Receives Approval on Securities Trading in Singapore
2021-11-05T23:51:52.000+02:00
Ocean Joy Securities Limited acquired a Type 1 and Type 2 license from Hong Kong's securities regulator earlier in October.
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Institutional FX
SGX Announces Collaboration with DataBP
2021-11-05T13:29:21.000+02:00
The exchange partnered with DataBP to introduce SGX Data Direct.
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Regulation
Singapore’s MAS Says Regulated Stablecoins Could Have a ‘Useful Role’
2021-10-28T23:50:19.000+02:00
The MAS vows to regulate digital assets to combat financial crimes that are performed through cryptocurrencies.
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Institutional FX
e-FX Trading Hub of Deutsche Bank Goes Live in Singapore
2021-10-22T17:28:13.000+02:00
The Bank has completed its first set of live trades on its Singapore e-FX hub.
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Institutional FX
A New Order for FX Trading in Asia
2021-10-18T13:53:51.000+02:00
The fast pace of technological change in the financial sector can prove difficult for many firms.
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News
SBI, Sygnum and Azimut Introduce $75 Million VC Fund
2021-10-01T12:05:10.000+02:00
The new fund will invest in startups working in the digital asset sector.
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News
Binance.com to Stop Offering Crypto Trading Services in Singapore
2021-09-27T13:46:02.000+02:00
The exchange urged Singapore users to close trades and withdraw fiat deposits by October 26.
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Regulation
Singapore Firms Should Start Reporting Efforts Ahead of MAS Deadline
2021-09-16T14:43:01.000+02:00
“The onboarding process will typically require one to two weeks,” said Sophie Gerber.
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News
MAS and RBI to Link Singapore’s PayNow and India’s UPI
2021-09-14T12:31:01.000+02:00
The linkage between PayNow and UPI will enable users to execute instant and low-cost fund transfers.
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