Sucden Financial Offers NDF Pricing Electronically

Thursday, March 14, 2013

Sucden Financial can now offer clients the opportunity to price Non-Deliverable Forwards (NDFs) electronically.

Jonathan Brewer, Head of E-FX Business Development at Sucden Financial comments, “Offering NDFs electronically provides existing clients with access to a market which Sucden Financial has been active in for a few years.  Previously we have only offered access to NDFs traded over the phone. This new offering will enable us to service existing clients better and will also enable us to access a new client base.

“NDFs are particularly popular in Asia – a region which we have identified as a key part of our growth strategy. In addition, many of the economies with currencies which trade as NDFs focus heavily on commodities. By offering NDFs electronically, we are therefore building on our strong heritage in the commodities space.”

Sucden Financial has also recently added a range of spot Eastern European currencies to its offering, including USD/RON, USD/RSD and USD/BGN.

These latest developments are yet another example of how Sucden Financial’s E-FX division is continually evolving, in line with its planned growth strategy, providing clients with a wide range of options which are all backed up by exemplary service.

Sucden Financial’s E-FX offering is built with a strong understanding of the latest developments in the industry and a history of 40 years in the financial markets. Platform agnostic liquidity is provided on a 100% STP basis and is internationally recognised as delivering fast, deep liquidity with the tightest spreads. For organisations requiring technology to access the retail FX market, Sucden Financial offers a range of white label solutions, tailor-made to suit each client’s specific requirements.

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