25 March, 2020 – CFH opens a fully MAS regulated office in Singapore, continuing its expansion in APAC.
CFH will be one of only a handful of institutional brokers to launch a regulated Singapore office with SG1 trading infrastructure, meaning it will be able to provide localised liquidity alongside the tier 1 banks.
Bringing their front to back technology, multi-asset liquidity and prime solutions to Singapore and the APAC region, CFH will be able to provide local execution and provide partners and clients with an increased level of service from a Singapore base, staffed by some of the industry’s most knowledgeable and experienced personnel.
Under their capital markets license with the MAS, CFH will be offering OTC Derivatives Contracts and leverage products in line with MAS regulations. The products available will be Spot FX, precious metals and energies, along with global stock indices.
Considering the Monetary Authority of Singapore’s drive to make its territory a financial and technology leading hub, this focus aligns with the company’s position as a leading financial and technology provider.
Alex Mackinnon, CEO, CFH Singapore
Alex MacKinnon CEO, CFH Singapore comments, “We recognise the many benefits of Singapore having a stable political, economic environment, along with the focus of MAS being the number 1 FX centre in the region. As CFH has a fully in house built integrated system we will look to provide a reduction in transaction costs to clients in Singapore. Existing CFH clients will now have a regional presence to liaise with on all aspects of the business with the CFH Group”
Essential roles will be based out of Singapore such as Compliance, Finance, Sales, Client services along with a local APAC management team.
2019 saw a number of FX Bank and non-bank Market Makers and FX Trading Venues build out pricing engines and infrastructure in Singapore, SG1. CFH is one of the first institutional brokers / Prime of Prime liquidity providers to provide access to this rapidly developing liquidity hub.
CFH Australia launches with an office in Sydney, regulated by ASIC
FXSpotStream adds Societe Generale as Liquidity Provider
Paul Beatty Joins FlexTrade as Director of FX Business Development
Chris Thomas appointed Head of Digital Assets at Swissquote
PrimeXM releases volume data for April 2020: ADV down 14.14%