R5FX completes first trade, enters beta phase
EM NDF platform gears up for full launch
Interbank non-deliverable forwards (NDF) trading platform R5FX has completed its first trades after a lengthy build-up, executing them on July 10 in all five of its core currencies.
The platform has now entered the beta testing phase in anticipation of going fully live later this year.
"R5FX continues to make significant progress, and I am happy to announce that we have successfully completed a number of Bric beta test trades," says Jon Vollemaere, chief executive of R5FX.
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