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Welcome to<br />
e-FOREX<br />
transforming global foreign exchange markets<br />
<strong>July</strong> 20<strong>23</strong><br />
Our regional e-FX perspective feature in this edition is focused<br />
on Singapore. Its remarkable growth as a major FX hub<br />
continues to gather pace and it is now the third-largest FX<br />
trading centre globally and the largest in Asia, accounting for<br />
9.5% of global FX volumes. There are a number of reasons why<br />
Singapore is so attractive for increasing numbers of FX trading<br />
firms including proactive and forward thinking initiatives by the<br />
Monetary Authority of Singapore (MAS) which have helped to<br />
convince primary inter-dealer platforms, MDPs, and liquidity<br />
venues to locate their matching, pricing, and trading engines<br />
in Singapore. FX trading technology is also going through a<br />
renaissance period in Singapore. Thanks to the direction and<br />
guidance from MAS, a wide variety of technology and digital<br />
currency projects are flourishing and there has been highcalibre<br />
talent inflow from the region, making Singapore even<br />
more relevant as a banking and fintech hub. Low latency<br />
has proved to be a critical building block for Singapore’s<br />
e-FX growth. It has very strong digital connectivity and its<br />
infrastructure investments have ensured very low latency times<br />
between the city-state and other trading hubs which as we<br />
know is so important for many firms. The future prospects<br />
for e-FX in Singapore seem very bright indeed and we will be<br />
following developments closely.<br />
With Artificial Intelligence now very much in the news, one<br />
of our Fintech features this month is examining how AI is<br />
continuing to make its presence felt in FX. The complexity of<br />
our market is a factor that makes FX an ideal environment<br />
for the use of AI with data analysis, liquidity management<br />
and risk management being just three obvious and powerful<br />
applications. There are risks of course in deploying AI which<br />
must be addressed and lessons that FX can learn about how<br />
the technology is being applied in other markets, but despite<br />
its transformative potential in FX trading, it seems unlikely it will<br />
completely replace human traders in the foreseeable future. But<br />
don’t bank on it!<br />
Next month is a busy one for our web development team who<br />
are launching our new FXAlgoNews and Institutional Digital<br />
Asset websites which we will tell you more about in September.<br />
Susan Rennie<br />
Susan.rennie@sjbmedia.net<br />
Managing Editor<br />
Charles Jago<br />
charles.jago@e-forex.net<br />
Editor (FX & Derivatives)<br />
Charles Harris<br />
Charles.harris@sjbmedia.net<br />
Advertising Manager<br />
Ben Ezra<br />
Ben.ezra@sjbmedia.net<br />
Retail FX Consultant<br />
Michael Best<br />
Michael.best@sjbmedia.net<br />
Subscriptions Manager<br />
David Fielder<br />
David.fielder@sjbmedia.net<br />
Digital Events<br />
Ingrid Weel<br />
mail@ingridweel.com<br />
Photography<br />
Charlie Dewey<br />
info@redbackdesign.net<br />
Web Manager<br />
SJB Media International Ltd<br />
Suite 153, 3 Edgar Buildings, George Street,<br />
Bath, BA1 2FJ United Kingdom<br />
Tel: +44 (0) 1736 74 01 30 (Switchboard)<br />
Tel: +44 (0) 1736 74 11 44 (e-<strong>Forex</strong> editorial & sales)<br />
Fax: +44 (0)1208 82 18 03<br />
Design and Origination:<br />
Matt Sanwell, DesignUNLTD<br />
www.designunltd.co.uk<br />
Printed by Headland Printers<br />
e-<strong>Forex</strong> (ISSN 1472-3875) is published monthly<br />
www.e-forex.net<br />
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Members hotline: +44 (0)1736 74 11 44<br />
Although every effort has been made to ensure the accuracy of the information<br />
contained in this publication the publishers can accept no liabilities for<br />
inaccuracies that may appear. The views expressed in this publication are not<br />
necessarily those of the publisher.<br />
Please note, the publishers do not endorse or recommend any specific website<br />
featured in this magazine. Readers are advised to check carefully that any<br />
website offering a specific FX trading product and service complies with all<br />
required regulatory conditions and obligations.<br />
The entire contents of e-<strong>Forex</strong> are protected by copyright and all rights are<br />
reserved.<br />
As usual I hope you enjoy reading this edition of the magazine.<br />
Charles Jago, Editor<br />
JULY 20<strong>23</strong> e-FOREX 3
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