CBOE SEF Now Supporting FX NDFs Trading
- Trading is facilitated by proprietary CBOE technology, supporting a growing slate of emerging markets currencies.
CBOE Global Markets (NASDAQ: CBOE) swap execution facility (SEF) will now be supporting non-deliverable FX forwards (NFDs). The newly expanded FX offering represents the group’s broadest foray into the NFD market to date.
One of the main impetuses for the launch has been regulatory obligations surrounding the trading of NDFs. Dodd-Frank legislation stipulates that select market participants trade swaps on SEFs. To help reconcile these requirements, the group has facilitated this trading using proprietary CBOE technology, namely across emerging markets currencies.
The current available contracts on CBOE SEF include USD/KRW, USD/BRL, USDINR, USD/TWD, and USD/CNY.
Bryan Harkins
Bryan Harkins, Head of U.S. Markets & Global FX at CBOE, commented on the launch: “Our next generation SEF was built on a flexible trading and settlement model that opens unique Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term opportunities for our clients in the NDF market. We are very excited that we were able to further expand our FX offerings by delivering this new NDF market.”
Spotlighting CBOE SEF
CBOE SEF supports a state-of-the-art market model that entails a variety of different components to help better cater to market participants’ needs. This includes a fully anonymous central limit order book with firm all-to-all trading available to all market participants.
Furthermore, liquidity appears to be an area of emphasis on CBOE SEF, as the group has made dedicated attempts to enable firm and non-firm streaming quotes for tailored liquidity needs. Curated liquidity pools are provided to market participants’ execution criteria.
Finally, CBOE SEF includes a diverse network of market participants resting passive liquidity in tandem with a wide distribution network for market makers.
The announcement constitutes the second marquee development at CBOE this week, with the group introducing Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term futures on Monday December 10. CBOE will be providing an initial incentive to Bitcoin market aficionados with free trading until the end of December as it tries to gain a leg up on competition in the market, particularly from rival exchanges.
CBOE Global Markets (NASDAQ: CBOE) swap execution facility (SEF) will now be supporting non-deliverable FX forwards (NFDs). The newly expanded FX offering represents the group’s broadest foray into the NFD market to date.
One of the main impetuses for the launch has been regulatory obligations surrounding the trading of NDFs. Dodd-Frank legislation stipulates that select market participants trade swaps on SEFs. To help reconcile these requirements, the group has facilitated this trading using proprietary CBOE technology, namely across emerging markets currencies.
The current available contracts on CBOE SEF include USD/KRW, USD/BRL, USDINR, USD/TWD, and USD/CNY.
Bryan Harkins
Bryan Harkins, Head of U.S. Markets & Global FX at CBOE, commented on the launch: “Our next generation SEF was built on a flexible trading and settlement model that opens unique Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term opportunities for our clients in the NDF market. We are very excited that we were able to further expand our FX offerings by delivering this new NDF market.”
Spotlighting CBOE SEF
CBOE SEF supports a state-of-the-art market model that entails a variety of different components to help better cater to market participants’ needs. This includes a fully anonymous central limit order book with firm all-to-all trading available to all market participants.
Furthermore, liquidity appears to be an area of emphasis on CBOE SEF, as the group has made dedicated attempts to enable firm and non-firm streaming quotes for tailored liquidity needs. Curated liquidity pools are provided to market participants’ execution criteria.
Finally, CBOE SEF includes a diverse network of market participants resting passive liquidity in tandem with a wide distribution network for market makers.
The announcement constitutes the second marquee development at CBOE this week, with the group introducing Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term futures on Monday December 10. CBOE will be providing an initial incentive to Bitcoin market aficionados with free trading until the end of December as it tries to gain a leg up on competition in the market, particularly from rival exchanges.