Singapore has seen its lead over Hong Kong cut to just a whisker as the regional foreign-exchange trading hub. Photo: Reuters

Singapore woos banks in battle of Asia’s biggest currency hubs as it loses ground to Hong Kong

  • Average daily trading in Singapore jumped 22 per cent to a record US$633 billion in April from the same period in 2016, just ahead of Hong Kong’s US$632 billion
  • Singapore has enticed UBS, Citigroup, Standard Chartered and JPMorgan Chase in the past year to set up forex pricing and trading engines
Topic |   Currencies

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Singapore has seen its lead over Hong Kong cut to just a whisker as the regional foreign-exchange trading hub. Photo: Reuters
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