Price Markets UK launches multi-bank NDF (Non-Deliverable Forwards) pricing on Price Markets Currenex® ECN, providing professional and institutional clients direct access to multi-bank NDF liquidity via API and GUI.
Due to the increased demand in trading on EM (Emerging Markets) currencies, such as Indian Rupee, Malaysian Ringgit and Chinese Renminbi, Price Markets has launched its NDF offering on Price Markets Currenex ECN. This provides manual and algorithmic traders access to streaming prices and true multi-bank liquidity from the largest FX liquidity providers in the world.
Price Markets‘ Head of FX Sales, Mr. Ed Anderson stated “Following our recent successful Global Solutions launch we have seen a tremendous interest in our Integrated FX Prime Brokerage solution from a diverse client base. Specifically, there has been an overwhelming demand for improved access and liquidity to NDF pricing. We are excited to have met these requirements by offering clients the ability to source deep liquidity and highly competitive NDF pricing directly from 7 of the largest FX banks in the world via RFS (Request For Stream).”
Anderson continued “Price Markets Prime Brokerage solution consolidates the FX liquidity and technology needs of today’s sophisticated market participant. by integrating FX Spot, FX Forwards, NDF and Precious Metal trades, across 5 different FX ECN’s are into one single back-office via STP. This results in significant cost savings and price discovery opportunities for our clients”.
Learn More about Price Markets Currenex ECN