Citi has added streaming non-deliverable forwards (NDFs) prices to its institutional electronic trading platform CitiFX Velocity, helping clients tap into the revenue potential of emerging markets.
In Asian currencies, the bank is streaming NDF prices for CNY, IDR, INR, KRW, KZT, MYR, PHP, and TWD in addition to the RUB. In Latin American currencies, prices are available for ARS, BRL, CLP, COP and PEN.
The move is said to have been well received by clients. Citi joins a growing number of banks that offer streaming NDFs on their platforms including Barclays Capital, Deutsche Bank, Goldman Sachs, JP Morgan and Nomura.
In addition to NDFs, CitiFX Velocity provides one-click executable streams for spot, forward outrights and swaps in over 150 major and minor currency pairs and precious metals.