Singapore is one of the smallest states in the world, its area is only 710.2 square kilometres. Until the middle of the 20th century, the country was an English colony, in 1951 it acquired the status of a self-governing state within the British Empire. In 1963, the city-state became part of Malaysia, but in August 1965 it seceded and became independent.

The financial world has seen lots of changes throughout the last few decades. Sparked by the increased accessibility to the internet, online trading has become the industry with an immense volume and size. The Bank of International Settlements based in Zurich, Switzerland reports that the average daily trading volume on Forex has hit $5.1 trillion in 2016, a massive achievement for the sector.