SGX traders launch proprietary trading venture
Traders on the Singapore Exchange (SGX) have formed an in-house proprietary trading venture to increase market liquidity. The Arbitrage Project, a limited company, will begin trading on February 9 and will consist of eight proprietary traders.
The proprietary traders will trade solely on their own account and for the proprietary accounts of their associated corporations, said SGX.“This is a positive step towards developing an active and diverse proprietary trading community in Singapore, which will help enhance the liquidity of our derivatives market,” added Gan Seow Ann, head of markets at SGX.
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