ICAP launches e-trading in FX Forwards

ICAP has introduced e-trading in FX forwards to the global financial markets, with the launch of i-Forwards.

First Published by e-Forex News: July, 2007

ICAP has introduced e-trading in FX forwards to the global financial markets, with the launch of i-Forwards. This provides e-trading for a range of&nbsp; short-dated and longer-dated currency forwards, enhancing liquidity and price depth, together with certainty of trade execution and global access to counterparties through a user-friendly trading screen.<br />
i-Forwards offers&nbsp;indicative pricing&nbsp;throughout the curve and a&nbsp;real time liquidity pool of tradable prices from global counterparties and brokers. Enhanced functionality includes the ability to enter&nbsp;spot restricted orders, specify minimum trade size, enter drip feed orders, and&nbsp;the stipulation&nbsp;to trade only&nbsp;with CLS counterparties. Recently included is the ability to submit a Request For Quote for both standard and free terms across a range of currency pairs.&nbsp;Its&nbsp;market standard&nbsp;STP capability enables an organisation to link i-Forwards to their risk management systems for efficient trade reconciliation.<br />