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UBS to launch new currency pricing, trading engine in Singapore

UBS Group AG will introduce a new electronic currency pricing and trading engine in Singapore in 2019, Bloomberg News reported Sept. 3, citing an e-mailed statement from the bank.

The engine, which will go live in the second quarter of 2019, will provide the bank's clients with greater liquidity and increased efficiency in foreign-exchange market, the Zurich bank said.

UBS is launching the facility in collaboration with the Monetary Authority of Singapore. The move may strengthen the foreign-exchange trading infrastructure in Singapore.