Institutional FX and digital assets broker LMAX Group has announced the launch of FX Non-Deliverable Forwards (NDFs), available to trade in two matching centres, Singapore (SG1) and London (LD4). The launch follows the receipt by LMAX Exchange, the Group’s global institutional FX exchange, of a Recognised Market Operator (RMO) licence from the Monetary Authority of Singapore (MAS) late last year.
The FX NDFs are traded on a central limit order book (CLOB), delivering transparent price discovery and precise, consistent execution to all market participants including banks, non-banks, proprietary trading firms, institutional brokers, asset managers and buy-side institutions. Initially targeting Asia Pacific, the launch supports growing regional demand for FX NDF trading and access to deeper institutional liquidity as well…
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