Globally, NDF trading volume nearly doubled between 2016 and 2022, reaching $266 billion.
The exchange will offer Asian USD crosses initially, with Latin American crosses planned later.
LMAX Group, a leading independent operator of institutional
FX trading venues, has announced the launch of FX Non-Deliverable Forwards
(NDFs) trading on its central limit order book.
The initiative aims to cater to the growing demand for FX
NDF trading in the Asia Pacific region, where institutional liquidity is
deepening, and market structure enhancements are underway.
Asia's NDF Trading Dominance
According to LMAX Group, Singapore holds significant
importance in their expansion strategy, considering Asia's prominence in NDF
trading. Three out of the top four NDF currencies globally are from the Asia
Pacific region.
David Mercer, CEO, LMAX Group, Source: LinkedIn
Globally, the trading volume in NDFs has witnessed a notable
surge, nearly doubling between 2016 and 2022, reaching $266 billion. This
growth is attributed to the increased electronification of NDF markets and the
rising number of market participants.
David Mercer, CEO, LMAX Group, said: “As demand for
institutional liquidity for Asian currencies continues to grow, adding NDFs to
our global FX offering is a logical next step following the launch of our
matching engine in SG1 in 2022."
"We recognise the significant potential that
remains untapped in the Asian FX market and will continue to broaden our
product suite, expand our distribution capabilities globally, and build the
leading institutional FX marketplace.”
NDF Trading via Singapore and London Platforms
Matt DellaRocca, Head of Liquidity and Analytics, APAC, LMAX Exchange, Source: LinkedIn
Initially, FX NDF trading on LMAX Exchange will focus on top
Asian USD crosses, including Indian Rupee South Korean Won, New
Taiwan Dollar, Chinese Yuan, Indonesian Rupiah, Philippine
Peso, and Malaysian Ringgit.
Additionally, Latin American
crosses are expected to be included in the offering in subsequent phases.
Trading will be facilitated via LMAX Exchange's platforms in Singapore and
London.
Matt DellaRocca, Head of Liquidity and Analytics, APAC, LMAX
Exchange, added: “We are delighted to go live with this offering, which will
provide local FX market participants with access to an expanded pool of NDF
liquidity through a regulated exchange venue and a CLOB model that delivers
efficient market structure and transparent, precise, consistent execution.”
LMAX Group, a leading independent operator of institutional
FX trading venues, has announced the launch of FX Non-Deliverable Forwards
(NDFs) trading on its central limit order book.
The initiative aims to cater to the growing demand for FX
NDF trading in the Asia Pacific region, where institutional liquidity is
deepening, and market structure enhancements are underway.
Asia's NDF Trading Dominance
According to LMAX Group, Singapore holds significant
importance in their expansion strategy, considering Asia's prominence in NDF
trading. Three out of the top four NDF currencies globally are from the Asia
Pacific region.
David Mercer, CEO, LMAX Group, Source: LinkedIn
Globally, the trading volume in NDFs has witnessed a notable
surge, nearly doubling between 2016 and 2022, reaching $266 billion. This
growth is attributed to the increased electronification of NDF markets and the
rising number of market participants.
David Mercer, CEO, LMAX Group, said: “As demand for
institutional liquidity for Asian currencies continues to grow, adding NDFs to
our global FX offering is a logical next step following the launch of our
matching engine in SG1 in 2022."
"We recognise the significant potential that
remains untapped in the Asian FX market and will continue to broaden our
product suite, expand our distribution capabilities globally, and build the
leading institutional FX marketplace.”
NDF Trading via Singapore and London Platforms
Matt DellaRocca, Head of Liquidity and Analytics, APAC, LMAX Exchange, Source: LinkedIn
Initially, FX NDF trading on LMAX Exchange will focus on top
Asian USD crosses, including Indian Rupee South Korean Won, New
Taiwan Dollar, Chinese Yuan, Indonesian Rupiah, Philippine
Peso, and Malaysian Ringgit.
Additionally, Latin American
crosses are expected to be included in the offering in subsequent phases.
Trading will be facilitated via LMAX Exchange's platforms in Singapore and
London.
Matt DellaRocca, Head of Liquidity and Analytics, APAC, LMAX
Exchange, added: “We are delighted to go live with this offering, which will
provide local FX market participants with access to an expanded pool of NDF
liquidity through a regulated exchange venue and a CLOB model that delivers
efficient market structure and transparent, precise, consistent execution.”
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
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Watch the full video to see if Hola Prime Markets fits your trading needs.
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Watch the full video to see if Hola Prime fits your trading style.
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Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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