Integral adds INTL FCStone to its NDFs BankFX Platform
FX technology provider Integral has announced that INTL FCStone has launched a Non-Deliverable Forward (NDF) offering through Integral’s BankFX Platform. INTL FCStone’s offering will be supported by Integral’s new streaming NDF workflow and established Request-for-Stream functionality.
INTL FCStone, a provider of financial-services execution, risk management, market intelligence, and post-trade services, also offers trading and clearing in a wide range of OTC FX instruments. The Non-Deliverable Forward was developed in order to meet growing client demand and will be supported by Integral’s new streaming NDF workflow, along with its established Request for Stream functionality.
Initially, INTL FCStone will support the Brazilian Real (BRL), the Chilean Peso (CLP), and the Columbian Peso in Latin America along with the Indian Rupee (INR), South Korean Won (KRW), the Taiwanese Dollar (TWD), and the Indonesian Rupiah (IDR) within the Asia region.
Mike Wilkins, Head of FX Trading at INTL FCStone, commented on the news,
“Expanding our offering to support NDFs was a logical step in meeting the evolving needs of our clients. The addition of NDFs through INTL brings new levels of efficiency for a global client base seeking enhanced risk management and customization in emerging market currencies. We are pleased to partner with Integral and launch our NDF offering using Integral’s market leading technology.”
“The launch of INTL FCStone’s NDF offering is an exciting addition to the marketplace,” said Harpal Sandhu, Integral CEO. “With the recent launch of our streaming NDF workflow, in addition to our established RFS functionality, clients can access improved NDF pricing with improved automation, transparency and efficiency in their trading experience.”