GFI Group a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets, announced today that it has added NDFs, forwards and spot in 16 new FX currency pairs to its electronic Central Limit Order Book “CLOB” platform for FX options, FX Forwards and NDFs, GFI ForexMatch®.
Matt Woodhams, GFI Group Head of Ecommerce, EMEA said: “We are expanding our presence in many new markets in both Africa and Asia where demand and customer interest is growing. Our screen, GFI ForexMatch®, has been designed to effectively support GFI’s hybrid brokerage model. We believe that the combination of our state-of-the-art electronic trading platforms with the experience and market know-how of our brokers gives our customers a first rate service and choice in their method of execution”
Paul Millward, GFI Group Head of FX Ecommerce added: “We have enhanced our offering to these new markets by facilitating real-time market data, price quotations, trade execution and confirmations via our Application Programing Interface “API”. Our API connectivity allows customers to seamlessly access and contributes to liquidity on GFI ForexMatch®””.
The new Asian currency pairs now traded on the platform are:
USD/CNY (China NDF)
USD/TWD (Taiwan NDF)
USD/KRW (Korea NDF)
USD/INR (India NDF)
USD/IDR (Indonesia NDF)
USD/MYR (Malaysia NDF)
USD/PHP (Philippines NDF)
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USD/THB (Thailand NDF)
USD/CNH (China forward contract)
The new African currency pairs that have been added are:
• USD/EGP (Egypt NDF)
• USD/GHS (Ghana forward)
• USD/GHS (Ghana NDF)
• USD/KES (Kenya NDF)
• USD/MUR (Mauritius forward and spot)
• USD/NGN (Nigeria NDF)
• USD/UGX (Uganda forward and spot)
• USD/ZMK (Zambia forward)
GFI ForexMatch® is GFI’s innovative electronic trading system for FX derivatives. It supports GFI’s hybrid brokerage model, combining sophisticated electronic trading technology with voice brokerage services to deliver efficient deal execution. GFI ForexMatch® streamlines price discovery, allows online trading of FX instruments and facilitates the analysis of market trends with the latest tradeable prices.