ING expands eFX capabilities in Singapore, strengthening APAC trading hub

Singapore, 8 September 2025 – ING today announced that it is expanding its electronic foreign exchange (eFX) capabilities in Singapore, establishing a new regional trading hub to provide faster execution and smarter pricing for clients across Asia Pacific (APAC).

By integrating with the SG1 data centre and broader eFX ecosystem, ING will offer clients faster trade execution, lower latency, and improved liquidity access. The bank’s AI-powered risk management capabilities, including internal risk hedging through skew adjustments, enable smarter and more adaptive FX pricing. These enhancements contribute to greater transparency and execution efficiency for clients trading across the region.

“With Singapore playing a growing role in global FX markets, our enhanced capabilities at SG1 demonstrate ING’s commitment to clients across APAC. As clients continue to embrace electronic trading, we’re focused on delivering execution excellence, deep liquidity, and intelligent pricing that adapts to market conditions in real time. These enhancements are part of a broader strategy to ensure that our infrastructure keeps pace with client needs and market developments, both in the region and globally,” said Obbe Kok, head of Financial Markets, ING APAC.

ING operates a globally integrated FX platform spanning Amsterdam, London, Singapore, and New York, delivering seamless round-the-clock market access. The Singapore hub plays a pivotal role in serving APAC-based institutions and corporates, acting as a key liquidity provider in Asia and offering clients an expanded suite of FX instruments and trading tools. This complements ING’s broader FX infrastructure and ensures consistent pricing and execution performance across regions.

ING’s expansion aligns with a broader industry shift, as global banks and trading platforms scale up FX engines in Singapore to meet surging eFX demand across the region. In response to rising trading volumes and greater adoption of electronic execution, ING is investing in advanced algorithmic trading capabilities and direct API integrations across major trading platforms, equipping clients with enhanced flexibility and control to manage FX risk and drive execution performance.

Additionally, ING plans to strengthen its commodity trading capabilities in APAC to meet rising demand for precious metals in the region.

“Our investments in Singapore signal a broader ambition to evolve our digital trading capabilities and deliver differentiated value to clients. We’re focused on driving smarter trading outcomes through ongoing innovation, deeper liquidity access, and robust global infrastructure,” said Obbe.

Lim Cheng Khai, executive director, Financial Markets Development Department, Monetary Authority of Singapore (MAS), said, “MAS welcomes the launch of ING’s AI-enabled pricing engine in Singapore. The addition of ING into Singapore’s eFX ecosystem will add diversity and depth to the FX market in the region. MAS will continue to support global and regional participants that seek efficient pricing and execution to access liquidity in SG1.”

As FX markets continue to evolve toward more digital, real-time, and data-driven trading, ING’s expanded presence in Singapore reinforces its leadership in delivering future-ready solutions. This includes world-class execution, robust risk management, and enhanced pricing efficiency, engineered to meet the unique demands of Asia’s fast-moving and complex markets.