CIBC has become the latest firm to join SGX FX as a liquidity provider as part of an effort to expand institutional access to FX options and multi-currency liquidity.
Scott Gold
As part of the integration, CIBC will initially provide liquidity for OTC FX options and will later expand its offering into OTC cash FX.
The partnership is also expected to enhance liquidity across CAD, USD and other major global currency markets, supporting robust price formations across these currencies, as well as enhancing SGX FX’s competition and liquidity across FX options trading.
“CIBC’s decision to join the SGX FX ecosystem strengthens our institutional liquidity network across key markets,” said Scott Gold, head of Americas at SGX FX.
“Their initial focus on OTC FX options, combined with a clear path toward cash FX, enhances liquidity and execution quality across a broad range of currency pairs and supports our commitment to serving sophisticated trading and hedging activity across regions and time zones.”
Currently, SGX FX’s institutional offering spans access to FX liquidity across spot, NDFs, outrights, swaps, options and precious metals, bolstered by multiple execution methods, API connectivity and data-driven tools.
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The collaboration between the two firms is also set to continue expanding in the future, with further expansion across additional FX products expected to bolster institutional liquidity provision and execution choice.
Christina Wood, head of global electronic FX at CIBC, said: “This partnership underscores our shared commitment to delivering broader choice and risk-managed solutions for institutional clients as we continue to grow our electronic FX offering.”
In April 2026, Lloyds also integrated into SGX FX’s platform, expanding the exchange’s current institutional FX liquidity offering.
The addition of Lloyds aims to enhance price formation for the exchange’s FX division, with the particular focus on markets related to directional and hedging strategies.
