NDF Traders to Benefit from Advanced Liquidity and Sophsiticated Order Book at SwapEx LLC
Tuesday,24/02/2015|10:59GMTby
Adil Siddiqui
Institutional currency traders dealing in non-deliverable forwards should take heed of new functionality on the SwapEx LLC Swap Execution Facility. The State Street owned firm enhances liquidity and order book capabilities.
SwapEx, a US-based Swap Execution Facility (SEF), has extended its core functionality for currency traders. The firm, which is an affiliate of leading ECN Currenex, will offer users Executable Streaming Prices (ESP) and limit order book execution. The SEF offers access to swaps and NDFs, as per the Dodd-Frank Act.
In a notification on its website, the firm reported that it had upgraded the functionality available on the trading terminal. The temporarily registered swap execution facility, which received authorization under the CFTC in September 2013, will begin offering users the ability to access NDF Liquidity via both an all-to-all order book, as well as via tailored streaming liquidity.
The firms note states: "(The new capabilities are) powered by the award-winning Currenex ESP technology.”
SEFs came to light during new rules and guidelines issued under the Dodd-Frank Act, a revolutionary law that alters the way certain over-the-counter financial instruments are traded. Under the terms, swaps, NDFs and FX Options are executed on the centrally cleared trading venue.
The Executable Streaming Prices joins the long list of trading protocols offered by the firm, including request for quote, indication of interest and basket winds. NDFs are gradually gaining traction among buyside and proprietary traders as market movements in instruments such as the Indian rupee and Brazilian real have significant trading opportunities. Furthermore, firms looking to hedge market exposure can use the NDF contracts to manage their risk, having ESPs support the developments of e-trading in the instrument.
Although SwapEx is an independent entity to Currenex, the two firms collaborate to support mutual clients' needs. The notification adds: "Currenex serves as an independent software vendor to SwapEx, allowing Currenex clients who also subscribe to SwapEx to route NDF transactions entered on Currenex to SwapEx for execution."
Only institutional firms, such as eligible counterparties can transact on SEFs, furthermore, for firms that want to trade through direct access are required to sign with the firm as a participant. In addition, they need to hold a designated clearing firm to clear trades on certain instruments.
Since SEFs went live in 2012, volumes have been migrating to the venues with several firms signing up before the deadline with the CFTC, including a number of Forex providers such as BGC ICAP, Integral, GAIN Capital and Bloomberg.
Currenex also reported in a seperate note that it had enabled the trading of four precious metals instruments via its central counterparty.
SwapEx, a US-based Swap Execution Facility (SEF), has extended its core functionality for currency traders. The firm, which is an affiliate of leading ECN Currenex, will offer users Executable Streaming Prices (ESP) and limit order book execution. The SEF offers access to swaps and NDFs, as per the Dodd-Frank Act.
In a notification on its website, the firm reported that it had upgraded the functionality available on the trading terminal. The temporarily registered swap execution facility, which received authorization under the CFTC in September 2013, will begin offering users the ability to access NDF Liquidity via both an all-to-all order book, as well as via tailored streaming liquidity.
The firms note states: "(The new capabilities are) powered by the award-winning Currenex ESP technology.”
SEFs came to light during new rules and guidelines issued under the Dodd-Frank Act, a revolutionary law that alters the way certain over-the-counter financial instruments are traded. Under the terms, swaps, NDFs and FX Options are executed on the centrally cleared trading venue.
The Executable Streaming Prices joins the long list of trading protocols offered by the firm, including request for quote, indication of interest and basket winds. NDFs are gradually gaining traction among buyside and proprietary traders as market movements in instruments such as the Indian rupee and Brazilian real have significant trading opportunities. Furthermore, firms looking to hedge market exposure can use the NDF contracts to manage their risk, having ESPs support the developments of e-trading in the instrument.
Although SwapEx is an independent entity to Currenex, the two firms collaborate to support mutual clients' needs. The notification adds: "Currenex serves as an independent software vendor to SwapEx, allowing Currenex clients who also subscribe to SwapEx to route NDF transactions entered on Currenex to SwapEx for execution."
Only institutional firms, such as eligible counterparties can transact on SEFs, furthermore, for firms that want to trade through direct access are required to sign with the firm as a participant. In addition, they need to hold a designated clearing firm to clear trades on certain instruments.
Since SEFs went live in 2012, volumes have been migrating to the venues with several firms signing up before the deadline with the CFTC, including a number of Forex providers such as BGC ICAP, Integral, GAIN Capital and Bloomberg.
Currenex also reported in a seperate note that it had enabled the trading of four precious metals instruments via its central counterparty.
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
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https://directory.financemagnates.com/multi-asset-brokers/exness/
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In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
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What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
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Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
