Singapore Exchange (SGX), Asia’s most international multi-asset exchange and largest FX derivatives marketplace, today announced that it would acquire the remaining 80% stake in BidFX from its other shareholder(s) for a cash consideration of approximately US$128 million – a move that would expand SGX’s reach beyond FX futures into the global FX over-the-counter (OTC) market. 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, with the aim of bringing together FX futures with OTC markets. The synergies between SGX and BidFX, coupled ... (full story)