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Singapore Exchange to launch new Asian bond trading platform

Mon 8th February, 2021 11:12am
Feb 8 (Reuters) - Singapore Exchange Ltd  SGXL.SI  said on
Monday it had formed a joint venture company to launch a new
Asian bond trading platform this year.
    The bourse operator said it will launch the platform, Trumid
XT, with New York-based fintech company Trumid and private
equity firm Hillhouse Capital.
    "Trumid XT will connect the commercial footprint and
liquidity from SGX's Bond Pro and Trumid's Market Center in the
United States to provide a robust network for trading of Asian
fixed income," the firms said in a joint statement.
    Singapore Exchange unit, Asian Gateway Investments, will
take about one-third stake in the combined company, which will
be paid by selling all its shares in SGX Bond Trading Pte. Ltd.,
along with cash and some other provisions.*:nSNZ1rKW96*:nSNZ6fkydv

 (Reporting by Rashmi Ashok and Shashwat Awasthi in Bengaluru;
Editing by Arun Koyyur)
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