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.
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 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 indicative pricing throughout the curve and a real time liquidity pool of tradable prices from global counterparties and brokers. Enhanced functionality includes the ability to enter spot restricted orders, specify minimum trade size, enter drip feed orders, and the stipulation to trade only 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. Its market standard STP capability enables an organisation to link i-Forwards to their risk management systems for efficient trade reconciliation.<br />