Euronext launches NDF trading in Singapore
Platform’s move brings spot-style execution methods to the non-deliverable market
Euronext FX quietly launched a platform for non-deliverable forwards in Singapore and matched its first NDF trade at the end of August, signalling the latest push by currency markets participants to expand digital and automated trading capabilities to a segment of the market that previously lacked it.
The introduction of NDF trading is Euronext FX’s first foray into derivatives products. Trading on the venue will initially focus on one-month tenors in the top Asian currency pairs – Chinese
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