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.”
ASX Faces $150M Capital Charge After Scathing Inquiry Finds Years of Neglect
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
