Singapore Selects SWIFTNet Fix

The Government of Singapore Investment Corporation (GIC) has selected SWIFTNet Fix to trade electronically with five of its brokers. GIC has established connectivity to five international broker-houses via SWIFT’s new IP-based messaging service, SWIFTNet FIX and began testing trade order messages using SWIFTNet FIX in March 2004. Further expansion of connectivity and trading access through SWIFTNet FIX to more counterparties is envisaged in a second phase.

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