INTL FCStone has begun trading NDFs on Integral’s BankFX Platform – the firm says NDFs were added in order to meet growing client demand and will be supported by Integral’s new streaming NDF workflow, along with its established Request for Stream functionality.
Initially, the firm will support the Brazilian real (BRL), the Chilean peso (CLP), and the Columbian peso (COP) in Latin America along with the Indian rupee (INR), South Korean won (KRW), the Taiwanese dollar (TWD), and the Indonesian rupiah (IDR) within the Asia region.
“Expanding our offering to support NDFs was a logical step in meeting the evolving needs of our clients,” says Mike Wilkins, head of FX trading at INTL FCStone. “The addition of NDFs through INTL brings new levels of efficiency for a global client base seeking enhanced risk management and customisation in emerging market currencies. We are pleased to partner with Integral and launch our NDF offering.”
Harpal Sandhu, Integral CEO, adds, “The launch of INTL FCStone’s NDF offering is an exciting addition to the marketplace. With the recent launch of our streaming NDF workflow, in addition to our established RFS functionality, clients can access improved NDF pricing with improved automation, transparency and efficiency in their trading experience.”