SINGAPORE, April 16 (Bernama-BUSINESS WIRE) — Northern Trust (Nasdaq: NTRS) today announced that it will set up a new electronic foreign exchange (eFX) pricing engine in Singapore, in partnership with the Monetary Authority of Singapore (MAS). This will be Northern Trust’s first eFX engine in Asia-Pacific.
“Singapore is a key FX centre for Northern Trust and financial markets globally,” saidJohn Turney, head of global foreign exchange at Northern Trust Capital Markets. “Establishing a regional eFX pricing engine in Singapore will enhance the service provided by our Singapore-based FX desk and complements our continued expansion of FX solutions across Asia-Pacific including currency management and Complete FX™.”