Singapore Exchange buys 20% stake in forex platform BidFX for $25m

Singapore Exchange buys 20% stake in forex platform BidFX  for $25m

A logo of the Singapore Stock Exchange (SGX) is pictured outside its premises in the financial district of Singapore April 23, 2014. REUTERS/Edgar Su/Files

Singapore Exchange (SGX), Asia’s international multi-asset exchange and foreign exchange (FX) marketplace, has acquired a 20 per cent stake in BidFX, a forex trading platform, for $25 million, with an option to take a majority interest in the company.

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