“Bullion Should Not Be Treated as Just Another CFD Product”: Insights from FM Singapore Summit 2026

“Bullion Should Not Be Treated as Just Another CFD Product”: Insights from FM Singapore Summit 2026

Day one of the FM Singapore Summit 2026 set a clear tone: market structure, not marketing slogans, is now at the center of the conversation in APAC fi

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Day one of the FM Singapore Summit 2026 set a clear tone:
market structure, not marketing slogans, is now at the center of the
conversation in APAC finance. At Suntec Singapore, brokers, banks, fintech
builders and liquidity specialists spent the opening day unpacking how trading
is changing from the ground up.

Singapore Summit: Meet the largest APAC brokers you know (and those you still don’t!).

On the expo floor, the rise of proprietary trading firms was
impossible to miss. A sizeable portion of exhibitors focused on evaluation
systems, risk controls and technology stacks designed specifically for prop
models, signaling how “trade-as-a-service” has become a mature business line.

Among the many insights shared: Judy Goh from
Integral led an insightful discussion on APAC bullion markets, emphasizing a
key takeaway: bullion should not be treated as just another CFD product.

Related: “Our Job Is to Educate, Not Dictate”: FM Singapore Summit 2026 Begins Sessions

The panel, featuring Alexander Fergusson (Woodside), John
Murillo (B2Broker), Alex Ho (CMC Markets), and Kway Guan Tan (World Gold
Council), explored the practical realities of operating in modern physical
metals markets.

Unlike CFDs, which are purely speculative instruments
allowing traders to bet on price movements without ever taking possession of
the underlying asset, physical bullion trading involves real-world complexities
such as storage, insurance, transportation, delivery logistics, and varying
purity standards across different markets.

In the APAC region specifically, these operational realities
become even more critical as cultural preferences for physical gold ownership,
regulatory frameworks around precious metals, and the infrastructure for vault
storage and settlement differ significantly from Western markets.

A Cross-Cultural Journey in Global Markets

Spencer Campbell, Director at SE Asia Consulting, described
his move from London to Singapore during the open outcry trading era, where
clerks worked longer hours than traders and used physical trading cards—blue
for buy orders and red for sell orders—similar to today’s electronic systems.

He also shared how his London trading symbol “F.U.N.”
couldn’t be used in Singapore because it had an unintended meaning in Chinese,
illustrating how small cultural differences can impact global trading
environments.

“I made the transition from London to Singapore 28 years ago
because it was still open outcry and as a young junior clerk our days were
much longer than the traders. They traded for the time that they were in
the pit, they handed over.”

“What I brought with me today were our trading cards
and as you can see here the front side is blue and the other side is red. Blue
being our buy order, red being our sell order which you’ll look familiar
with the electronic trading screens today. But when I tried to come to Singapore
and get the same trading symbol it wasn’t allowed because in Chinese it
means rice. It’s the little things. It’s the little things, yeah.”

At the Vision Stage, Luke Boland,
Global Head of Fintech at Standard Chartered Singapore, joined a panel of
industry experts titled “Buying the Deep: Digital Asset Adoption in APAC and
Beyond,” where they explored how current market dynamics are influencing
long-term strategies and highlighted opportunities emerging ahead of the next
market cycle. He also shared insights on the evolving digital assets landscape.

“As more traditional assets transition onto blockchain,
digital assets are transforming business processes and financial flows, with
banks playing a crucial role in supporting this shift. A major opportunity is
emerging at the crossroads of infrastructure, connectivity, and trust as
financial services continue to adapt to the growing digitization of money.”

The Finance Magnates Singapore Summit 2026, running from May
12-14 at Suntec Singapore, launched on Tuesday with an opening networking session at Paulaner Brauhaus, bringing together retail and prime brokers,
liquidity providers, banks, hedge funds, wealth managers, and fintech firms
from across the Asia-Pacific region.

The three-day event features panel discussions and sessions
on topics including APAC liquidity landscapes, AI implementation for brokers,
tokenization, and premium client strategies, alongside an exhibition showcasing
trading technologies and fintech solutions.

Looking Ahead: Payments, Prop Trading, and Platform
Innovation

The last day of the FM Singapore Summit features eight
panel discussions spanning digital assets, regulatory frameworks, and broker
innovation. Sessions kick off at 11:30 AM with a discussion on stablecoins, followed
immediately by a critical examination of APAC’s prop trading landscape, among
other topics.

The afternoon agenda shifts focus to infrastructure and
growth strategies, beginning at 2:00 PM with a session on payments
infrastructure for financial superapps, alongside a panel exploring whether
brokers and banks should buy or build their trading technology.

The day wraps up with two concurrent sessions starting at
3:10 PM: one examining the necessity of multi-asset offerings as part of modern
brokerage strategy, and another analyzing retail investor acquisition
challenges across the Asia-Pacific region.

Day one of the FM Singapore Summit 2026 set a clear tone:
market structure, not marketing slogans, is now at the center of the
conversation in APAC finance. At Suntec Singapore, brokers, banks, fintech
builders and liquidity specialists spent the opening day unpacking how trading
is changing from the ground up.

Singapore Summit: Meet the largest APAC brokers you know (and those you still don’t!).

On the expo floor, the rise of proprietary trading firms was
impossible to miss. A sizeable portion of exhibitors focused on evaluation
systems, risk controls and technology stacks designed specifically for prop
models, signaling how “trade-as-a-service” has become a mature business line.

Among the many insights shared: Judy Goh from
Integral led an insightful discussion on APAC bullion markets, emphasizing a
key takeaway: bullion should not be treated as just another CFD product.

Related: “Our Job Is to Educate, Not Dictate”: FM Singapore Summit 2026 Begins Sessions

The panel, featuring Alexander Fergusson (Woodside), John
Murillo (B2Broker), Alex Ho (CMC Markets), and Kway Guan Tan (World Gold
Council), explored the practical realities of operating in modern physical
metals markets.

Unlike CFDs, which are purely speculative instruments
allowing traders to bet on price movements without ever taking possession of
the underlying asset, physical bullion trading involves real-world complexities
such as storage, insurance, transportation, delivery logistics, and varying
purity standards across different markets.

In the APAC region specifically, these operational realities
become even more critical as cultural preferences for physical gold ownership,
regulatory frameworks around precious metals, and the infrastructure for vault
storage and settlement differ significantly from Western markets.

A Cross-Cultural Journey in Global Markets

Spencer Campbell, Director at SE Asia Consulting, described
his move from London to Singapore during the open outcry trading era, where
clerks worked longer hours than traders and used physical trading cards—blue
for buy orders and red for sell orders—similar to today’s electronic systems.

He also shared how his London trading symbol “F.U.N.”
couldn’t be used in Singapore because it had an unintended meaning in Chinese,
illustrating how small cultural differences can impact global trading
environments.

“I made the transition from London to Singapore 28 years ago
because it was still open outcry and as a young junior clerk our days were
much longer than the traders. They traded for the time that they were in
the pit, they handed over.”

“What I brought with me today were our trading cards
and as you can see here the front side is blue and the other side is red. Blue
being our buy order, red being our sell order which you’ll look familiar
with the electronic trading screens today. But when I tried to come to Singapore
and get the same trading symbol it wasn’t allowed because in Chinese it
means rice. It’s the little things. It’s the little things, yeah.”

At the Vision Stage, Luke Boland,
Global Head of Fintech at Standard Chartered Singapore, joined a panel of
industry experts titled “Buying the Deep: Digital Asset Adoption in APAC and
Beyond,” where they explored how current market dynamics are influencing
long-term strategies and highlighted opportunities emerging ahead of the next
market cycle. He also shared insights on the evolving digital assets landscape.

“As more traditional assets transition onto blockchain,
digital assets are transforming business processes and financial flows, with
banks playing a crucial role in supporting this shift. A major opportunity is
emerging at the crossroads of infrastructure, connectivity, and trust as
financial services continue to adapt to the growing digitization of money.”

The Finance Magnates Singapore Summit 2026, running from May
12-14 at Suntec Singapore, launched on Tuesday with an opening networking session at Paulaner Brauhaus, bringing together retail and prime brokers,
liquidity providers, banks, hedge funds, wealth managers, and fintech firms
from across the Asia-Pacific region.

The three-day event features panel discussions and sessions
on topics including APAC liquidity landscapes, AI implementation for brokers,
tokenization, and premium client strategies, alongside an exhibition showcasing
trading technologies and fintech solutions.

Looking Ahead: Payments, Prop Trading, and Platform
Innovation

The last day of the FM Singapore Summit features eight
panel discussions spanning digital assets, regulatory frameworks, and broker
innovation. Sessions kick off at 11:30 AM with a discussion on stablecoins, followed
immediately by a critical examination of APAC’s prop trading landscape, among
other topics.

The afternoon agenda shifts focus to infrastructure and
growth strategies, beginning at 2:00 PM with a session on payments
infrastructure for financial superapps, alongside a panel exploring whether
brokers and banks should buy or build their trading technology.

The day wraps up with two concurrent sessions starting at
3:10 PM: one examining the necessity of multi-asset offerings as part of modern
brokerage strategy, and another analyzing retail investor acquisition
challenges across the Asia-Pacific region.



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