Trading bourse owner SGX will take over the remaining 80% of the FX trading platform operator, its Asian Gateway Investments vehicle having invested $25m last year.

Stock market operator Singapore Exchange (SGX) announced on Monday that it will pay $128m to wholly acquire a portfolio company, BidFX, the US-based developer of a purchase foreign exchange (FX) platform . SGX’s Asian Gateway Investments fund paid $25m for a 20% stake in BidFX in April 2019, and the latter’s parent company, TradingScreen, will…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.