Singapore exchange to fully acquire forex trading platform BidFX for $128m

Singapore exchange to fully acquire forex trading platform BidFX for $128m

FILE PHOTO: An SGX sign is pictured at Singapore Stock Exchange July 19, 2017. REUTERS/Edgar Su

Singapore Exchange (SGX) is acquiring the 80 per cent stake it doesn’t already own in forex trading platform BidFX for around $128 million in cash to expand into the global foreign exchange over-the-counter (OTC) market.