CME Group intends to combine its two non-deliverable forward (NDF) liquidity pools on the EBS Market platform into a single trading venue in October 2024.
The firm hopes the combination will offer market participants from across regulatory jurisdictions enhanced access to liquidity, improved price discovery and provide the market with operational efficiencies.
CME Group global head of FX products, Paul Houston, said: “Amid continued fragmentation and rising complexity within the global FX market, the need for a unified, globally accessible primary trading venue in NDFs is greater than ever.”
EBS Market was the first venue to offer electronic NDF trading on a central limit order book in 2007. Customers have the ability to trade 1-month Asian NDFs, LatAm NDFs and African NDFs on the platform.
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