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BidFX acquisition a medium-term positive for SGX: analysts

Broker's Calls

BidFX acquisition a medium-term positive for SGX: analysts

Jeffrey Tan Published on Tue, Jun 30, 2020 / 11:39 AM GMT+8

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SINGAPORE (June 30): The acquisition of the remaining 80% stake in BidFX is a positive for the Singapore Exchange (SGX), according to analysts.

BidFX is a cloud-based foreign exchange (FX) trading platform for institutional investors.

SGX had acquired a 20% stake in BidFX early last year. The latest transaction is expected to complete in July.

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