As part of its multi-asset strategy to build FX into another core pillar of growth, SGX first acquired a 20% stake in BidFX in March 2019, intending to bring together FX futures with OTC markets. The synergies between SGX and BidFX, coupled with the opportunity to support international FX participants from pre-trade data and analytics, trade execution to post-trade clearing, propelled SGX to purchase the remaining stake from TradingScreen (TS).
There is no material change to the existing TradingScreen (TS) or BidFX businesses or roadmap post-acquisition. All TS clients will still have access to BidFX within our award-winning TradeSmart EMS. Our development efforts will continue to provide the best solution and service for our client's multi-asset workflow.
For more information regarding the acquisition please view the press release.