Refco Trading Services' SGX deal first confirmation
As reported by FO Week earlier this year (see
FO Week Vol 10 No 8), several large trading arcades
have been exploring the possibility of opening Singapore
operations, with the first official announcement coming last
Refco Trading Services issued a statement that it is to take
lease of Singapore Exchange (SGX)'s global electronic trading
centre (GTEC) as of 1 August, while Schneider trading
Associates (STA) and Saxon Financials confirmed to FO
Week that they both plan to move into the area as soon as
Both the latter firms, however, said they planned to open
start-up operations rather than use an existing facility.
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