SGX FX has announced the addition of Sumitomo Mitsui Banking Corporation (SMBC) as a key liquidity provider on its platform. As the first Japanese megabank to stream prices directly to SGX FX clients, SMBC now extends this service through SGX CurrencyNode, an electronic communication network operated by SGX FX.

Headquartered in Tokyo, Japan, SMBC is a prominent multinational institution with a strong presence across retail, corporate, and investment banking segments. The bank’s expertise and global reach are going to significantly enhance the liquidity and depth of SGX FX’s offerings, benefiting traders and investors with greater access to Japan’s financial markets.

SGX FX Partners with SMBC to Boost Liquidity and Market Access

Jean-Philippe Malé, President of SGX FX, expressed excitement about the partnership: “We are happy to partner with SMBC, contributing to their global strategy to service clients across the financial industry. Our global clients will undoubtedly benefit from quality access to one of Japan’s largest banking institutions.”

Salim Zaman, Executive Officer and Co-Head of Global Markets and Treasury Department at SMBC emphasized the importance of the collaboration, saying, “We are excited to connect to SGX CurrencyNode, as it aligns with our commitment to delivering comprehensive eFX solutions. This partnership demonstrates our ongoing efforts to expand our market reach and provide seamless access to liquidity across key financial hubs in Asia.”

The partnership between SGX FX and SMBC marks a significant milestone in the development of both organizations’ FX offerings. By joining forces, they aim to provide superior liquidity and enhance market access, benefiting traders and investors alike. This collaboration is set to have a positive impact on stakeholders and the broader FX market, reinforcing both companies’ commitment to delivering exceptional services and value.

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