Provider Overview
Provider: Singapore Exchange (SGX Group) Website: https://www.sgx.com/fx Dataset Category: Institutional-grade FX benchmark data.
Dataset Details
Singapore Exchange (SGX Group) is Asia’s leading multi-asset exchange and the region’s dominant venue for FX derivatives. SGX operates both listed FX futures markets and SGX CurrencyNode, an institutional ECN for OTC FX liquidity hosted in Singapore’s SG1 data center.
Data coverage:
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Asian FX benchmark rates — USD/CNH, USD/INR, USD/KRW, USD/SGD, USD/THB, USD/IDR, USD/PHP, USD/TWD
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Listed FX futures pricing — Real-time and historical data from SGX’s exchange-traded FX contracts
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OTC FX reference data — Pricing from SGX CurrencyNode ECN operations
Data characteristics:
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Exchange-grade pricing from a regulated venue (MAS-supervised)
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USD/CNH futures is the 2nd most traded FX futures contract globally
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80% market share in CNH futures, 70% in INR futures
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Deep liquidity during Asian trading hours with 40% of volume traded during US/Europe hours
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Used by major OTC participants for price formation and discovery via API
Credibility: SGX was named Best Asia FX Derivatives Exchange for eight consecutive years. Its FX data is widely referenced by institutional participants globally, including for settlement pricing (SGX recently adopted Bloomberg BFIX for CNH contract settlements). The exchange serves as the bellwether for Asian FX market activity and volatility.
Commercial Terms
Model: 1
- Model 1 = Pyth Delivery + Provider Billing
Projected Annual Value: $50K–$250K
Overlap Assessment
Pyth Pro currently offers FX feeds including several Asian currency pairs (USD/CNH, USD/INR, USD/KRW, USD/SGD, USD/IDR, USD/PHP, USD/THB, USD/TWD) via low-latency streaming, sourced from multiple institutional publishers and aggregated into a consensus price.
SGX FX data is complementary, not competing:
The Marketplace offering is exchange-derived benchmark data — prices from SGX’s regulated futures market and ECN operations. This differs from Pyth Pro’s aggregated feeds in source and primary use:
| Pyth Pro | SGX FX Marketplace | |
|---|---|---|
| Source | Multi-publisher aggregation | Single venue (SGX exchange + ECN) |
| Data type | Consensus mid-price | Exchange benchmark / settlement rates |
| Primary use | Trading, DeFi integrations | Benchmark reference, settlement pricing, regulatory compliance |
| Attribution | “Pyth Network” | “SGX Group” (full pass-through) |
Per CO-PIP-99, this notice starts a 30-day optimistic approval window. Community members may ask questions below. The onboarding proceeds unless formally objected to by the Pythian Council (6/9 supermajority) or via Operational PIP.