SGX FX and BBVA Announce Partnership to Expand Liquidity in The Americas

SGX FX and BBVA have announced a strategic collaboration to expand liquidity provision and distribution in Latin America, marking a significant step in SGX FX’s long-term growth strategy in the Americas and emerging markets.

As part of the initiative, BBVA – one of the largest market makers in Latin America – will establish a distribution engine in the NY4 data centre, providing direct access to liquidity across major regional currencies. The move strengthens SGX FX’s international platform and reinforces its position as a gateway to the global foreign exchange ecosystem.

The collaboration leverages SGX FX’s established distribution network together with BBVA’s market expertise in LATAM, creating new opportunities for international participants to access deep, reliable liquidity in the region. It also reflects SGX FX’s commitment to supporting the growth of global trading in emerging market currencies.

Jean-Philippe Malé, CEO of SGX FX, said: “Our strategic focus on LATAM underscores our goal to build robust and diversified FX markets that drive growth opportunities for all participants. BBVA’s deep expertise in this dynamic region bolsters SGX FX’s ability to provide clients with efficient access to the Americas, the LATAM region, and Emerging Markets as a whole.”

Melody Martínez Davidson, Managing Director, Institutional Sales – FICC Flow at BBVA CIB, said: “This partnership with SGX FX marks an important milestone in BBVA’s strategy to expand global access to Latin American FX markets. By combining our regional leadership with SGX FX’s advanced distribution capabilities, we’re enabling seamless connectivity between local markets and international investors. Our shared commitment to innovation and transparency is key to fostering deeper, more resilient FX markets across emerging economies.”