Citi Joins UBS in Setting Up Singapore Currency Trading Hub
- This will be firm’s fourth location after Tokyo, London and NY
- Expansion will lead to ‘vast improvement’ for clients: Staley
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Citigroup Inc. is planning to join UBS AG with an electronic currency trading and pricing platform in Singapore, setting up systems to boost liquidity in Asia’s biggest foreign-exchange hub.
Singapore will become the fourth FX trading engine location for Citi, which also has systems set up in Tokyo, New York and London, the bank said in a statement Monday.