SGX FX and Rand Merchant Bank (RMB) have launched a strategic partnership to improve global access to African currency markets. By integrating RMB’s liquidity engine into SGX FX’s global infrastructure, the collaboration aims to meet the rising international demand for electronic trading in emerging markets. This move strengthens SGX FX’s presence across the continent and provides a more robust bridge between regional African markets and the global financial community.
The integration allows international market participants to access streamlined pricing and execution for a broad range of African currencies. These services are available on both a deliverable and non-deliverable basis, catering to the specific needs of the buy-side. By combining RMB’s local expertise and longstanding FX experience with SGX FX’s extensive global network, the partnership seeks to foster deeper liquidity and more efficient market access.
This collaboration reflects a shared commitment to developing Africa’s evolving FX landscape. By reducing barriers to entry and enhancing distribution, the two institutions aim to encourage stronger participation from global investors. The partnership marks a significant step in the digitisation of African currency trading, ensuring that market participants can execute transactions with greater transparency and speed within a regulated framework.
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