Press release -
Price Markets (UK) launches NDF Trading on Price Markets Currenex ECN
City of London, 23 September 2013
Price Markets, a trading name of London Capital Group, 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, Forward, NDF and Precious Metal trades across 5 different FX ECN’s into one single back-office via STP. This results in significant cost savings and price discovery opportunities for our clients”.
Contact: Ed Anderson - Head of FX Sales - +44 (0)20 3290 00 88
Topics
- Finance
Categories
- interest rates
- interest rate
- stp
- forward
- precious metals
- fx spot
- algorithmic traders
- ecn liquidity
- ecn broker
- currenex ecn
- ndf currenex
- ndf liquidity
- ndf
- institutional fx
- institutional broker
- forex broker
- forex liquidity
- fx liquidity
- currenex liquidity
- currenex platform
- currenex
- indices
- commodities market
About Price Markets (UK)
Price Markets is a trading name of London Capital Group (LCG), which is authorised and regulated by the Financial Conduct Authority. Price Markets provides award-winning trading technology and global access to over 3,000 markets including FOREX, Commodities, Indices, Shares, Bonds and Interest Rates via desktop, web-based and mobile trading applications. LCG’s client funds are held in segregated accounts with four of the largest UK banks in accordance with FCA client money rules and client deposits, up to £50,000 per client, are also protected under the FSCS (Financial Services Compensation Scheme). For more information, go to www.pricemarkets.com/institutional/.
Institutional FX products are available to Professional/Institutional clients as classified by the FCA and may not be covered by any regulatory protection. Spread betting and CFD trading carry a high level of risk to your capital and can result in losses that exceed your initial deposit.
