City of London, 25 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
About Price Markets (UK)
Price Markets, a trading name of London Capital Group, is a FX Prime Brokerage Services provider based in London, UK which is authorised and regulated by the Financial Conduct Authority (FCA). Price Markets provides access to the most established FX and Precious Metals liquidity sources through one single prime brokerage solution using Price Markets Currenex ECN, ICAP EBS, HotSpot FXi, FXAll and Integral FXInside via GUI and API connectivity. 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.
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