In a move that strengthens Singapore’s growing status as a global currency trading hub, Japan’s Mizuho Bank has officially joined the Singapore Exchange’s (SGX) foreign exchange platform. The partnership adds another heavyweight to SGX FX’s expanding global network, and brings with it Mizuho’s deep liquidity and real-time pricing capabilities.
Mizuho Steps In As A Major Player
As of June 2025, Mizuho began streaming its live pricing on SGX FX, connecting its powerful trading infrastructure to a global community of banks, financial institutions, and investors already active on the platform.
The partnership is designed to benefit both sides: SGX FX gains access to Mizuho’s market insights and pricing, while Mizuho’s clients now have a new, efficient channel for accessing the global FX markets. According to both companies, the collaboration is expected to significantly boost market transparency and overall liquidity.
“We’re thrilled to be working with SGX FX as we deepen our footprint in the global foreign exchange landscape,” said Takumi Okubo, Deputy General Manager for EFX Sales at Mizuho Bank. “By contributing our pricing to the platform, we’re giving our clients enhanced tools and more efficient access to market opportunities.”
Part of a Bigger Expansion Strategy
This isn’t the first global move by SGX in recent weeks. Just last month, SGX partnered with Brazil’s B3 stock exchange to launch futures contracts for the Brazilian Real. That initiative marked the creation of the first-ever FX corridor between Singapore and Brazil—yet another sign of SGX’s efforts to broaden its international reach.
A Strategic Collaboration with Global Implications
Mizuho Bank is no small player. As Japan’s second-largest bank by assets and with operations in 36 countries, it brings significant clout to the table. The bank’s parent company, Mizuho Financial Group, commands roughly $2 trillion in total assets, ranking it as the 17th largest bank globally, according to S&P Global’s 2024 list.
For SGX FX, having Mizuho on board is a strategic win. The FX trading arm of SGX connects financial institutions, banks, and investors to global currency markets through its state-of-the-art trading infrastructure.
Jean-Philippe Malé, CEO of SGX FX, expressed his enthusiasm about the new partnership. “Bringing Mizuho Bank into our network aligns perfectly with our mission to deliver better market access and elevate the FX trading experience,” he said. “Their presence helps create more depth, liquidity, and opportunity for everyone involved.”
Looking Ahead
While the current focus is on price streaming and broader market access, both SGX and Mizuho hinted at the possibility of future collaborations. Although specific plans haven’t been disclosed yet, the partnership clearly lays the groundwork for deeper integration and innovation in the foreign exchange space.
As global financial markets become increasingly interconnected, alliances like this one highlight the importance of collaboration in shaping the future of FX trading.