Finalto Shakes Up Non-Deliverable Forward Trading with Game-Changing Offer
- Finalto’s new offering is designed to slot seamlessly into the client’s existing infrastructure.
Finalto takes the complexity out of Non-Deliverable Forwards with a revolutionary NDF offer that does away with the product’s associated issues, providing a streamlined Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term solution that can slot smoothly into any existing infrastructure.
For too long, clients have struggled with the complexities NDF pose, with problems cropping up trying to trade NDFs vs spots that stop trades dead, problems like:
- NDF month settling time scales - retail brokers may need to pay out client PNL the next day
- Having to deal with fixing dates which don’t occur in spots
- Needing to deal with the forward risk stemming from differences in the way retail systems work against NDFs
Finalto’s new offering is designed to slot seamlessly into the client’s existing infrastructure, putting NDFs into the client’s hands without their commonly associated headaches. Now, clients from small hedge funds to money managers and everyone in between can get fundamental exposure to FX markets without worrying about fixing dates and settlement risk.
NDF trades will be available in the below currencies initially with more to follow:
- Indian rupee
- Indonesian rupiah
- Korean won
- Brazilian real
Rupee, rupiah and won trading will be available 22 hours a day. Brazilian real will follow Brazilian exchange trading hours.
Andrew Biggs, Finalto Head of 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, says, “The complexities of NDFs have caused large parts of the retail market to miss out on trading opportunities. We’ve abstracted some of those complexities to allow seamless integration into existing systems and offerings. Let us take away the hassle so you can focus on trading.”
About Finalto
Finalto is the financial division of Playtech PLC, a global and well-established business traded on London Stock Exchange’s Main Market and a constituent of the FTSE 250 index. We are market leaders in next-generation multi-channel trading software, systems and liquidity services which are offered in a B2B capacity to our global partner network.
Finalto takes the complexity out of Non-Deliverable Forwards with a revolutionary NDF offer that does away with the product’s associated issues, providing a streamlined Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term solution that can slot smoothly into any existing infrastructure.
For too long, clients have struggled with the complexities NDF pose, with problems cropping up trying to trade NDFs vs spots that stop trades dead, problems like:
- NDF month settling time scales - retail brokers may need to pay out client PNL the next day
- Having to deal with fixing dates which don’t occur in spots
- Needing to deal with the forward risk stemming from differences in the way retail systems work against NDFs
Finalto’s new offering is designed to slot seamlessly into the client’s existing infrastructure, putting NDFs into the client’s hands without their commonly associated headaches. Now, clients from small hedge funds to money managers and everyone in between can get fundamental exposure to FX markets without worrying about fixing dates and settlement risk.
NDF trades will be available in the below currencies initially with more to follow:
- Indian rupee
- Indonesian rupiah
- Korean won
- Brazilian real
Rupee, rupiah and won trading will be available 22 hours a day. Brazilian real will follow Brazilian exchange trading hours.
Andrew Biggs, Finalto Head of 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, says, “The complexities of NDFs have caused large parts of the retail market to miss out on trading opportunities. We’ve abstracted some of those complexities to allow seamless integration into existing systems and offerings. Let us take away the hassle so you can focus on trading.”
About Finalto
Finalto is the financial division of Playtech PLC, a global and well-established business traded on London Stock Exchange’s Main Market and a constituent of the FTSE 250 index. We are market leaders in next-generation multi-channel trading software, systems and liquidity services which are offered in a B2B capacity to our global partner network.