- LMAX Group expands FX offering with the launch of NDFs trading in Singapore and London.
- FX NDF trading will focus on top Asian USD crosses, with LATAM crosses to follow.
LMAX Group, renowned for its institutional exchanges in FX and digital assets trading, has unveiled FX Non-Deliverable Forwards (NDFs) trading in two key centers: Singapore (SG1) and London (LD4).
This strategic move follows the attainment of a Recognised Market Operator (RMO) license from the Monetary Authority of Singapore (MAS) late last year, enabling NDF trading in both Singapore and London.
Matt DellaRocca, Head of Liquidity and Analytics, APAC at LMAX Exchange, expressed enthusiasm, highlighting the offering’s capacity to provide local FX market participants with expanded NDF liquidity through a regulated exchange venue and a CLOB model.
Meanwhile, David Mercer, CEO of LMAX Group, emphasized the organization’s commitment to broadening its product suite and enhancing institutional FX marketplaces.
Additionally, LMAX Group recently appointed Chris Knight, a seasoned financial markets professional, as Managing Director, signaling its dedication to further strengthening its position in the industry.
