Singapore trading platform raises US$50mil, led by Japan-backed firms

The financing will enable iSTOX to expand in Asia and offer a range of investment products, Oi Yee Choo, chief commercial officer of the Singapore-based regulated trading platform told Reuters in an interview.

SINGAPORE: Private exchange iSTOX, backed by Singapore Exchange and other investors, said yesteday it is raising US$50mil in its first major funding round, led by two Japanese state-backed firms.

The financing will enable iSTOX to expand in Asia and offer a range of investment products, Oi Yee Choo, chief commercial officer of the Singapore-based regulated trading platform told Reuters in an interview.