Tag: NDFs

NDFs

In the FICC of It

There is plenty for Colin Lambert to ponder in this week’s podcast as he reviews the feedback to his recent comments suggesting the NDF market doesn’t need fragmentation, lets listeners in on the background to something that has been puzzling him, and then, with no little trepidation, he “tiptoes” into Cryptoland. Of course, there is […]

And Finally…

Something that has bemused me a little over the past couple of years is platforms’ desire to throw plenty of resources at the NDF market – it ranks up there in mystification levels with why the authorities insisted on mandatory clearing for such a relatively low-key product. I am not quite sure why I think […]

CboeFX Launches NDF Platform

CboeFX has unveiled Cboe Swiss, which, in spite of what the name would suggest, is a platform for trading NDFs. The new platform offers ECN-style trading with curated liquidity pools to meet users’ execution criteria with streaming firm and non-firm quotes. It also has Cboe’s full amount execution protocol for discrete large risk transfer trades, […]

HSBC Launches NDFlex Algos

HSBC’s FX Alternative Execution Services has launched a new NDF algo offering called NDFlex – initially available in five currency pairs using a number of strategies. The new algo suite is offered in the dollar against IDR, INR, KRW, PHP and TWD, and Implementation Shortfall, Liquidity Seeking, TWAP, VWAP, Get Done and Liquidity Plus strategies […]

Barclays Launches NDF Algos

Barclays has become the latest bank to extend its FX algo execution product site to NDFs, adding one-month NDFs across multiple algorithms to Gator, its liquidity aggregation and algo platform. The algos are available in seven Asian currency pairs, USDCNY, USDIDR, USDINR, USDKRW, USDMYR, USDPHP, USDTWD and the bank says the launch is in response […]

INTL FC Stone Adds NDFs on Integral

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), […]

StanChart Invests in 24 Exchange, Takes Board Seat

24 Exchange has received a strategic investment from Standard Chartered, related to which, the bank’s global head of FX trading, Geoff Kot, will join 24 Exchange’s board of directors. The trading venue, which launched in late 2019, offers a central prime broker clearing model with Standard Chartered as the central clearer for the trading of NDFs. It plans […]

And Finally…

Talk to any service provider – the customer is at the centre of everything they do. I am, therefore, a little confused, or perhaps fearful for those pushing this line, by some of the data in the latest turnover survey by the UK’s FX Joint Standing Committee (JSC). Of course, at the same time as […]

FX Turnover Rises Again in October

Following what remains to some a surprisingly strong number from the Bank for International Settlements’ Triennial Survey of FX Turnover in April 2019, the latest semi-annual reports from seven of the world’s FX committees indicates that turnover increased again in October 2019. The UK and Canada hit new peaks for FX turnover in the month, […]

P&L Talk Series with EBS’ Chris Soriano

Chris Soriano, executive director, head of cash emerging markets, Americas at EBS, will be speaking at the Profit & Loss Latin America event in Mexico City on March 25. Ahead of the event, he discusses the key opportunities and challenges facing firms trading NDFs, both in LatAm and globally. Profit & Loss: What do you […]

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