Sucden Financial can now offer clients the opportunity to price Non-Deliverable Forwards (NDFs) electronically.Jonathan Brewer, Head of e-FX Business Development at Sucden Financial comments, “Offering NDFs electronically provides existing clients with access to a market which Sucden Financial has been active in for a few years. Previously we have only offered access to NDFs traded over the phone. This new offering will enable us to service existing clients better and will also enable us to access a new client base.”
“NDFs are particularly popular in Asia – a region which we have identified as a key part of our growth strategy. In addition, many of the economies with currencies which trade as NDFs focus heavily on commodities. By offering NDFs electronically, we are therefore building on our strong heritage in the commodities space,” he says. Sucden Financial has also recently added a range of spot Eastern European currencies to its offering, including USD/RON, USD/RSD and USD/BGN.