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BNP Joins JPMorgan in Setting Up Singapore Currency Trading Hub

  • System will allow electronic trading of 50 currencies, metals
  • Firm sees platform giving clients timelier trade execution
BNP Paribas SA Headquarters And Branches As Bank Fined $246 Million Over Currency Manipulation
Photographer: Christophe Morin/Bloomberg

BNP Paribas SA is planning to join JPMorgan Chase & Co. and Citigroup Inc. by setting up an electronic currency trading and pricing platform in Singapore.

The facility will support electronic trading of 50 currencies in spot, forward, swaps, non-deliverable forwards and options, according to a company statement. It will also allow trading of precious and base metals.