LSEG’s FXall to open access for banks’ NDF algos
Move tipped to help smooth buy-side adoption of algo execution for non-deliverable forwards
The London Stock Exchange Group’s dealer-to-client foreign exchange platform FXall is set to allow banks’ client execution algorithms for non-deliverable forwards to access its liquidity, sources have told FX Markets.
According to three bank sources, the platform will begin supporting submissions from banks’ NDF execution algorithms from next month.
A spokesperson for LSEG declined to comment.
Bank sources say the move by FXall to support NDF algos could provide a major boost for volumes on
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