Banks add NDFs to e-trading tools

Dresdner also plans to expand the number of NDF’s on its platform, called Piranha, said Allan McKenzie, head of foreign exchange business development in London, following the launch of Brazilian NDFs to the tool in January.

Client demand is driving the migration of NDF trading to the web, said officials, as their comfort with online trading as a whole increases. "Banks are also much more comfortable quoting online, so the range [of available products] is increasing," said Tom Roche, global h