Singapore Exchange Launches OTC Bond Trading Platform SGX Bond Pro
New trading venue aimed at solving institutional liquidity challenges within the secondary Asian bond market.
The SGX Bond Pro trading venue is aimed at tackling institutional liquidity challenges within the secondary Asian bond market by re-aggregating liquidity, providing increased protection to institutional investors and facilitating greater trade sizes. The platform is initially trading Asian corporate bonds in U.S. dollars, Japanese yen and euros, with further Asian currencies to be added in future.
"SGX Bond Pro is indicative of our strategy to innovate and build infrastructure where there is a clear market demand," says Muthukrishnan Ramaswami, president of SGX. "It also demonstrates our ability to develop solutions that address the liquidity challenge in the Asian bond market.
The platform was developed in cooperation with New York-based liquidity, trading and investment technology provider, TradingScreen.
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