GFI soft-launches NDF risk-mitigation platform
Interdealer broker GFI Group has developed a new risk-mitigation system for non-deliverable forwards (NDFs), known as GFI ForexMatch Liquidity Swaps.
The platform, which is a spin-off from the broker's ForexMatch trading system for foreign exchange derivatives, first launched for Latin American currencies in October, but was extended earlier this month to cover additional crosses, including USD/TWD and USD/CNY.
"If you trade in the liquid one-month tenor today, but in five days from now you have
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