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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

London Stock Exchange
London Stock Exchange building (right) in Paternoster Square
Flickr/Robin Chrystie/bit.ly/42SF5Uj

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.

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