Singapore’s average daily foreign exchange turnover amounted to US$517 billion, edging out Hong Kong at US$437 billion. Photo: Reuters

Singapore gains momentum in arms race for currency trading hub status

Recent success in attracting peer-to-peer lender Lufax underscores Singapore’s growing appeal as a hub for new financial technology trading and wealth management platforms

Topic |   Singapore

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Singapore’s average daily foreign exchange turnover amounted to US$517 billion, edging out Hong Kong at US$437 billion. Photo: Reuters
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