# Spark Systems Pte Ltd

> Spark Systems is a Singapore-based financial technology company building next-generation electronic foreign exchange (eFX) trading platforms. Its ultra-low latency aggregator and eFX solution platform give banks, hedge funds, central banks, sovereign wealth funds and corporate treasuries fast, resilient and cost-efficient access to FX liquidity, price construction, auto-hedging, risk control and white-label distribution. Founded in 2016 by veteran FX trader Wong Joo Seng, the company is backed by global institutions including HSBC, Citi and Goldman Sachs, and counts OCBC and ATFX among its partners.

- **Founded:** 2016
- **Headquarters:** Singapore, Singapore
- **Founders:** Wong Joo Seng (Co-Founder & Chief Executive Officer), Ye Ting Song (Co-Founder & Chief Technology Officer)
- **Team size:** ~64 employees
- **Products:** Spark eFX Platform, Ultra-Low Latency Aggregator, Price Construction & Distribution, Risk Control & Management, White Labeling / Bank Sellside
- **Notable:** Raised funding from three of the world's largest banks - HSBC, Citi and Goldman Sachs - in a single round., Selected by OCBC to build its core FX pricing and trading platform., Recipient of a Monetary Authority of Singapore (MAS) Financial Sector Technology and Innovation (FSTI) grant.

## Products & services

- **Spark eFX Platform** — An ultra-low latency aggregator and end-to-end eFX solution platform that unifies liquidity, pricing, execution, risk and distribution for buy-side and sell-side institutions.
- **Ultra-Low Latency Aggregator** — Aggregates liquidity pools accessible via GUI or API with a focus on best execution, high fill ratios and low market impact across Spot, Forward, NDF and SWAP.
- **Price Construction & Distribution** — Configurable spread and skew, synthetic cross creation, market engagement rules and auto-hedging so institutions can build and stream their own prices.
- **Risk Control & Management** — Real-time risk management, margin calculation, trading limits and automated risk controls integrated into the trading workflow.
- **White Labeling / Bank Sellside** — Lets banks market-make and stream FX prices and liquidity to their own clients under their own brand across multiple channels - a plug-and-play white-label trading experience.

## Achievements

- Raised funding from three of the world's largest banks - HSBC, Citi and Goldman Sachs - in a single round.
- Selected by OCBC to build its core FX pricing and trading platform.
- Recipient of a Monetary Authority of Singapore (MAS) Financial Sector Technology and Innovation (FSTI) grant.
- Reached approximately USD 70.5M post-money valuation by its 2020 Series B.
- Secured strategic Series C investment from global broker ATFX in 2024.
- Built its entire eFX platform in-house, including proprietary CEP technology, binary messaging protocol and a time-series tick database.

## Latest updates

- **2024-10** — ATFX announced a strategic Series C investment in Spark Systems to enhance its institutional eFX offerings and explore ATFX Connect liquidity synergies.
- **2024-05** — Spark Systems closed additional funding (~S$15M) with participation from investors including HSBC, Citi and OSK alongside existing backers.
- **2020-05** — Raised a US$15M+ Series B from HSBC, Citi and Goldman Sachs as FX trading volumes surged during the pandemic.

## Links

- Website: https://sparksystems.sg
- LinkedIn: https://www.linkedin.com/company/sparksystems-sg
- Twitter/X: https://twitter.com/sparksystemsfx

---

Profile page: https://yespress.io/spark-systems-pte-ltd
Published by YesPress — https://yespress.io
Last updated: 2026-07-25