Tradepoint onboards 10 streaming NDF providers for broken dates

The firm sees greater use of algos to trade NDFs in increasingly electronified market

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Margin hunt: “We see strong demand from market participants to trade standard or broken-date NDFs via algos” – Noor Mohammed

Tradepoint Systems has completed the onboarding of 10 liquidity providers streaming executable non-deliverable forwards (NDFs) across all pairs, regardless of the underlying tenor, including those with non-standard maturities.

Tradepoint’s technology has been put in place to receive streamed broken-date NDFs from 10 banks: Bank of America, BNP Paribas, Citi, Credit Suisse, Deutsche Bank, HSBC, JP Morgan, Goldman Sachs, Morgan Stanley and UBS.

The company envisages increased use of algorithms

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