EBS Spot aims for NDF supremacy
The Icap-owned platform joins broker Bloomberg and multibank platform FXall to roll out an initiative to capture the still nascent market for electronic NDFs. Meanwhile, rival broker Reuters is due to launch NDF trading over the Reuters Dealing 3000 Matching platform in the second quarter, with plans for a global roll-out by the end of the year.
David Rutter, deputy chief executive at Icap Electronic Broking in London said as the NDF markets continue to develop and become more commoditised
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