Frequently Asked Questions

  1. 1

    • Enhanced price transparency and deeper liquidity pool where ON-SEF participants can access the liquidity from OFF-SEF names (and vice versa).
    • Access to both Bank and non-Bank LPs showing ultra-competitive pricing on both Full Amount and Sweepable streams coupled with Voice broker participation via On Behalf Of (OBO).
    • Faster trade execution with low latency.
    • Pre-trade credit monitoring with support for real-time liquidity changes
    • Anonymity, as your orders are not exposed to the entire market, reduces the potential for market manipulation.
    • LCH clearing option available alongside bilateral settlement.
    • Technology built by Lucera delivers an exceptional platform that provides performance, security, and scalability in a single solution.

  2. 2

    The Asian NDFs one month outright currencies we offer are Chinese Yuan (CNY), Indian Rupee (INR), Indonesian Rupiah (IDR), South Korean Won (KRW), Philippine Peso (PHP), and the Taiwan Dollar (TWD).

  3. 3

    Order types supported by FMX NDF include Market Orders, Limit Orders, Icebergs – IOC, DAY & FOK.

  4. 4

    FMX NDF is designed to be available from Sunday at 5 p.m. ET through Friday at 5 p.m. ET, except on the 25 of December, and New Year’s Day.

  5. 5

    The Central Clearing Counterparty for FMX NDF is Standard Chartered Bank.

  6. 6

    SSO functionality is relevant for current users of GBX Forex Match. It enables the launch of FMX NDF alongside as a component, when logging in to GBX Forex Match.

  7. 7

    Only for clients using CCP.

  8. 8

    Yes. The OBO Functionality is a testament to our commitment to market depth and efficiency. By integrating voice broker participation into our NDF offering, we provide our clients with voice broker liquidity, ensuring a superior and more versatile trading environment.

  9. 9

    We offer view-only accounts that allow our clients to familiarize themselves with the platform’s features and gauge the liquidity on offer. Upgrading to a live trading account is simple.

  10. 10

    You can track your open positions and trading history on the Order and Blotter sections of the GUI respectively.

  11. 11

    You can contact our support team via email at [email protected]

  12. 12

    Continuous monitoring at hardware, network, operating system, and application levels is in place along with alert dashboards and email notifications. The application uses a fully automated test suite to run through hundreds of test cases prior to every release.

  13. 13

    FMX NDF is available on a user-friendly graphic user interface in a HTML5 implementation – also available via APIs of FIX and ITCH/OUCH.

  14. 14

    The FMX NDF matching engine(s) are located in SG1 and LD4, and available between Sunday evening at 17:00 EST/ 22:00 UTC (or 17:00 EDT/ 21:00 UTC) and Friday evening at 17:00 EST/ 22:00 UTC (or 17:00 EDT/ 21:00 UTC).

  15. 15

    We have back-office integrations with RTNS, Markitnotify, Traiana, FIX drop copy – direct bank STP for post-trade processing.

  16. 16

    Post-trade, both Clearing via LCH or Bilateral are available as settlement options.

  17. 17

    FMX NDF provides documentation about Non-Deliverable Forwards (NDF), our range of services, and our platform and technology. Please visit our downloads page.

BECOMING A FMX NDF CLIENT

Know how you can access electronic trading of Asian Non-Deliverable Forwards (NDF).

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