EBS Executes First African NDF Trade on a Central Limit Order Book
Retrieved on:
Monday, November 4, 2019
LONDON and NEW YORK, Nov. 4, 2019 /PRNewswire/ --EBS, a leading provider of electronic trading platforms and technology services in foreign exchange markets, today announcedthat it has conducted the first ever African NDF trade conducted on a Central Limit Order Book (CLOB) trading platform.
Key Points:
- LONDON and NEW YORK, Nov. 4, 2019 /PRNewswire/ --EBS, a leading provider of electronic trading platforms and technology services in foreign exchange markets, today announcedthat it has conducted the first ever African NDF trade conducted on a Central Limit Order Book (CLOB) trading platform.
- The USD/KES (Kenyan Shilling) 1-month NDF trade was executed on EBS Market on October 23, between Bank of America and Citi.
- Following growing client interest to trade African currencies electronically, EBS has also added the following 1-month NDF currency pairs to its established NDF business: USD/ NGN (Nigerian Naira), USD/ZMW (Zambian Kwacha), USD/GHS (Ghanaian Cedi).
- In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.