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SGX to fully acquire BidFX, advancing its global ambitions to offer end-to-end FX platform and solutions
- Acquisition will accelerate momentum to establish SGX as a one-stop venue for international FX OTC and futures participants
- Continued revenue growth in BidFX driven by record trading volumes and onboarding of new clients
The combination of SGX and BidFX’s expertise, client and distribution network and products will scale up the successes of both firms in this space and advance SGX’s global ambitions to offer end-to-end FX platform and solutions.
 On a fully diluted basis and subject to execution of binding agreements with certain minority shareholders
 Refer to SGX official communication for more details
 Subject to fulfilment of certain conditions precedent
 Source: BIS Triennial Central Bank Survey 2019 (www.bis.org/statistics/rpfx19_fx.htm)
BidFX is a leading cloud-based provider of electronic foreign exchange trading solutions for the global financial marketplace. BidFX clients have access to broker-neutral order and execution management services, which delivers them customised liquidity in all Foreign Exchange products from their banks and other providers. BidFX provides firms with a cutting-edge workflow solution ensuring Best Execution while encompassing a complete suite of negotiation protocols and tools. For more information, please visit: www.bidfx.com.
About Singapore Exchange
SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN and offers commodities and currency derivatives products. Headquartered in AAA-rated Singapore, SGX is globally recognised for its risk management and clearing capabilities. For more information, please visit www.sgx.com.
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