LMAX Group has launched FX Non-Deliverable Forwards (NDFs), available to trade in two matching centres, Singapore (SG1) and London (LD4). The launch follows the receipt by LMAX Exchange, the Group’s global institutional FX exchange, of a Recognised Market Operator (RMO) licence from the Monetary Authority of Singapore (MAS). The FX NDFs are traded on a central limit order book (CLOB), delivering transparent price discovery and precise, consistent execution to all market participants including banks, non-banks, proprietary trading firms, institutional brokers, asset managers and buy-side institutions. 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. We look forward to supporting our global customers as we expand our FX offering for customers operating in the Asia Pacific region.”
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