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Saxo Bank has announced to its clients a new update to its trading platform and the addition of new instruments, which might prove to be interesting to more unorthodox traders. The Danish multi-asset brokerage is launching a set of Non-Deliverable Forwards (NDFs) which will open a set of new currency markets which have been previously unavailable to its clients.
The NDFs will be traded only over the phone on an RFQ (Request For Quote) basis through Saxo’s Trading Desks. A client will have to call the trading desk and ask the dealer for a quote to obtain a price on ... (read more)