Standard Chartered has become the first liquidity provider to sign up to Bloomberg’s new executable streaming for non-deliverable forwards (NDFs) on its FX trading platform, FXGO.
The bank will provide executable pricing across Asian and Latin American non-deliverable currencies to corporate and institutional users.
Bloomberg said the tool “integrates the power of Bloomberg’s FX execution and straight through processing tools with Standard Chartered’s robust provision of liquidity.”
Standard Chartered currently provides access to over 130 emerging market and G10 currencies across several products and platforms.
Mark Webster, global head of FX sales at Standard Chartered, said being the first to provide streaming rates for NDFs on Bloomberg, the bank is “making the NDF market more efficient.”
Tod Van Name, Bloomberg’s global head of FX electronic trading, added that the expansion of the firm’s FX trading platform should provide the FX community with more access to emerging markets.
“Standard Chartered is helping to lead the way at a time when the global market is looking for new ways to improve liquidity,” he said.