The London Stock Exchange Group’s dealer-to-client foreign exchange platform FXall is set to allow banks’ client execution algorithms for non-deliverable forwards to access its liquidity, sources have told FX Markets.
According to three bank sources, the platform will begin supporting submissions from banks’ NDF execution algorithms from next month.
A spokesperson for LSEG declined to comment.
Bank sources say the move by FXall to support NDF algos could provide a major boost for volumes on the venue, and increase uptake amongst asset managers that prefer to access bank algos through multi-dealer platforms.
“We’ve been banging on [FXall’s] door for a long time, and clients have also been trying to get them to go live. It’s…
Read More