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PhillipCapital, SBI Group let institutional investors trade US stocks on Singapore time

Jovi Ho
Jovi Ho4/7/2022 09:13 PM GMT+08  • 3 min read
PhillipCapital, SBI Group let institutional investors trade US stocks on Singapore time
“We are targeting the biggest market in the world to buy [shares in] the biggest market in the world.”
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Integrated financial house PhillipCapital has announced Asia’s very first trade-matching platform that allows institutional investors here to trade US equities without staying up all night. Through the platform, investors will be able to trade over 100 US-listed stocks between 9am and 5pm Singapore time.

With support from Japan’s SBI Group, PhillipCapital’s Vietnam-based system development company CQ TDT Asia is developing the matching engine, named Pi-X, which is expected to be fully operational by 1Q2023.

While the platform will be opened to overseas retail and institutional investors as well as liquidity providers, only institutional investors will be allowed to participate in Singapore.

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