SGX FX, the FX arm of the Singapore Exchange, has announced the addition of Sumitomo Mitsui Banking Corporation (SMBC) as a key liquidity provider on its platform. SMBC was the first Japanese mega bank to stream prices directly to SGX FX clients and now extends this to via SGX CurrencyNode, an electronic communication network operated by SGX FX.

SMBC is a leading Japanese multinational institution headquartered in Tokyo, Japan, and brings its extensive expertise and global reach to SGX FX’s growing network. The global bank operates across retail, corporate, and investment banking segments, offering comprehensive financial services worldwide.

This partnership greatly enhances the liquidity and depth of SGX FX’s offerings, benefiting traders and investors with improved access to Japan’s financial markets.

Jean-Philippe Malé, President of SGX FX said,

“We are pleased to be a partner with SMBC, having a part in their global strategy to service clients across the financial industry. Our global clients will undoubtedly enjoy quality access to one of Japan’s largest banking institutions.”

Salim Zaman, Executive Officer, Co-Head of Global Markets and Treasury Department, Asia Pacific at SMBC said,

“We are excited to connect to SGX CurrencyNode, as it aligns with our commitment to delivering comprehensive eFX solutions to our clients.  This partnership demonstrates our continuous efforts to expand our market reach and provide seamless access to liquidity across key financial hubs in Asia.”

Both parties anticipate the favourable impact this partnership will bring to stakeholders and the wider industry, solidifying their dedication to providing exceptional services and value.

About SGX FX

SGX FX offers a gateway to the global FX ecosystem, anchored by the world’s most liquid Asian FX futures exchange together with cutting‐edge FX technology and workflow solutions from BidFX and MaxxTrader. SGX CurrencyNode, an FX electronic communication network, connects global participants anonymously to unique and deep OTC FX liquidity pools.

About Sumitomo Mitsui Banking Corporation (SMBC)

Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group). Built upon its rich Japanese heritage since 1876, it puts customers first and provide seamless access to, from and within the Asia Pacific region.

SMBC is one of the largest Japanese banks by assets, with over ¥238,700 billion in total assets and strong credit ratings across our global integrated network spanning 38 countries and territories, 15 of which are here in the region. Its regional reach extends from corporate and institutional companies to individual customers supported by our Multi-Franchise Strategy in Indonesia, India, Vietnam and the Philippines. The Bank works closely as one SMBC Group to offer personal, corporate and investment banking services to meet the needs of customers.