StoneX announced a Singapore foreign-exchange booking centre and SG1 connectivity on 1 October, adding a regional base to its existing NY4 and LD4 infrastructure. The launch serves institutional and corporate clients, with pricing, execution and support aligned more closely to Asia-Pacific trading hours.[1]
Alongside the new centre, the group added seven CNH pairs and said it had strengthened liquidity in regional currencies including the yen, Singapore dollar, Hong Kong dollar and Indian rupee. CNH is the offshore renminbi. StoneX says local booking should reduce dependence on overnight handovers and support the timing of currency delivery and intraday liquidity management.[1]
A trading operation built around regional business hours
StoneX FX’s broader service spans spot transactions, forwards, swaps, non-deliverable forwards and options across more than 40 currencies. Its customers include brokers, asset managers, banks, corporate hedgers and money-service businesses. That combines two different types of demand: institutions seeking trading liquidity and businesses managing the currencies needed for payments or future cash flows.[2]
The booking centre gives the regional business a Singapore base; SG1 expands the network footprint. StoneX attributes operational benefits to that combination, but publishes no comparative latency, fill-ratio or pair-level execution measurements in the launch release.[1]
The market behind the expansion
MAS’s October 2025 survey release ranked Singapore third among global FX centres, behind the UK and US. Average daily turnover grew 60% between April 2022 and April 2025; spot, forwards and swaps accounted for 90% of the latest Singapore total.[3]
Singapore FX activity at two survey dates
| Measure | April 2022 | April 2025 |
|---|---|---|
| Average daily FX turnover | US$929 billion | US$1,485 billionSource 3 |
| Share of global FX activity | 9.5% | 11.8%Source 3 |
The market’s growth also reflects the instruments clients use to manage risk. In its December 2025 analysis, the BIS reported that global FX options turnover had grown 108% since April 2022, compared with 51% for forwards, 42% for spot and 6% for FX swaps. Its revised global total was US$9.5 trillion a day; heightened volatility and hedging around April’s US tariff announcements contributed to that month’s activity.[4]
The instrument mix explains the commercial logic of serving regional hedging and funding demand alongside spot trading. A local operation has to support the timing of currency delivery and future obligations as well as quote distribution.[4]
Where it sits within the group
StoneX also owns FOREX.com. The Singapore announcement concerns StoneX FX’s institutional and corporate offering, rather than a change to the retail account terms described in FOREX.com’s broker profile.[5][1]
Sources & further reading
- StoneX Expands FX Capabilities in Asia-Pacific with Launch of Singapore Booking Center StoneX Group / GlobeNewswire · 1 Oct 2026 · Accessed 15 Oct 2026
- StoneX FX: institutional trading, hedging and currency delivery StoneX · Accessed 9 Oct 2026
- Singapore Strengthens Position as Third Largest Global FX Centre Monetary Authority of Singapore · 1 Oct 2025 · Accessed 9 Oct 2026
- Global FX markets when hedging takes centre stage Bank for International Settlements · Accessed 9 Oct 2026
- FOREX.com: company overview FOREX.com · Accessed 9 Oct 2026