Phillip Futures launches online trading of NDFs

Phillip Futures Singapore has launched online trading of NDFs powered by FlexTrade.

First Published by e-Forex News: April, 2014

Joseph Ng

Joseph Ng

Phillip Futures Singapore has launched online trading of NDFs powered by FlexTrade.

Joseph Ng, Head of FX for Phillip Futures Singapore said, “NDFs are useful for institutions or investors to gain exposure into emerging market currencies as we see a rising demand for Indian Rupee and Chinese Yuan with their increasing economic activities.”

The application-based trading platform, allows clients to trade in Chinese Renminbi, Indian Rupee, Indonesian Rupiah, Korean Won, Malaysian Ringgit and Taiwan Dollar. Investors enjoy multi-bank streaming prices with competitive spreads, instant order confirmation and limit order functions for NDF trade executions through Phillip Futures.