BNP Joins JPMorgan in Setting Up Singapore Currency Trading Hub
- System will allow electronic trading of 50 currencies, metals
- Firm sees platform giving clients timelier trade execution
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BNP Paribas SA is planning to join JPMorgan Chase & Co. and Citigroup Inc. by setting up an electronic currency trading and pricing platform in Singapore.
The facility will support electronic trading of 50 currencies in spot, forward, swaps, non-deliverable forwards and options, according to a company statement. It will also allow trading of precious and base metals.