Singapore Exchange forms over-the-counter trading venue for Asian bonds

By Angela McDaniels

Tacoma, Wash., Dec. 9 – The Singapore Exchange said it launched SGX Bond Pro, the first over-the-counter trading venue dedicated to Asian bonds.

SGX Bond Pro was established under SGX Bond Trading, a subsidiary of the Singapore Exchange and a licensed recognized market operator. It connects buyers and sellers of Asian bonds and provides them with multiple trading protocols that cater to their liquidity needs.

The exchange said the trading protocols were developed in consultation with the industry to facilitate how participants, including accredited investors such as global asset managers, private banks and investment banks, want to access liquidity.

SGX Bond Pro began trading Asian corporate bonds in G3 currencies, with Asian local currencies to follow.

UBS was announced as the general counterparty for SGX Bond Pro in October.

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