08 December 2016
Visit aciworldwide.com

GFI Group adds API connectivity for Latin American NDFs and forwards

25 September 2012  |  1697 views  |  0 Source: GFI Group

GFI Group, a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets, announced today that it has added API (Application Programming Interface) connectivity on GFI ForexMatch - its electronic trading platform for FX derivatives - for the trading of a number of Latin American non-deliverable forwards "NDFs".

GFI's API facilitates real-time price quotations, trade execution and confirmations. API connectivity allows customers to seamlessly access and contributes to liquidity on GFI ForexMatch.

Six major Latin American NDFs and Forwards: Chilean peso/ USD, Colombian peso/ USD, Peruvian Sol/USD, Argentinian Peso/USD, Brazilian Real/ USD NDFs and Mexican Peso/USD forwards, as well as their respective FX Options, are now all actively traded on GFI ForexMatch both on a Central Limit Order Book and RFQ basis.

GFI intends to provide customers trading these currency pairs post- trade connectivity services via MarkitSERV who will provide connection to different Central Counterparty Clearing Houses and to Swap Data Repositories in line with the requirements outlined by the Dodd-Frank Act.

Paul Millward, GFI ForexMatch Product Manager at GFI Group, said: "We are expanding our business operations in Latin America boosted by the success of our hybrid trading platform for FX derivatives" and added, "We are providing our clients with the latest technology in connectivity, which will become even more critical once the swap execution facility ("SEF") rules under the Dodd-Frank Act are implemented. GFI intends to incorporate GFI ForexMatch into its SEF."

GFI Group has an important presence in the region with offices in Argentina, Chile, Colombia, Peru and Mexico.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
http://www.financialcrimerisk.fiserv.com/aml?r=finextraFind out moreVisit VocaLink.com

Who is commenting?

A Finextra member Finextra Member Commented on: Payments regulator blo...
A Finextra member Finextra Member Commented on: Payments regulator blo...

Top topics

Most viewed Most shared
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
7549 views 12 comments | 15 tweets | 27 linkedin
OCC to offer fintech firms bank charter statusOCC to offer fintech firms bank charter st...
7162 views comments | 25 tweets | 15 linkedin
China tops world fintech rankingsChina tops world fintech rankings
7016 views comments | 35 tweets | 30 linkedin
Fed Governor sounds warning on alternative credit scoring dataFed Governor sounds warning on alternative...
6341 views comments | 19 tweets | 20 linkedin
Big tech policy group calls on Trump to promote fintech innovationBig tech policy group calls on Trump to pr...
5761 views comments | 22 tweets | 11 linkedin

Featured job

to Six-Figure Base, Commission, Benefits
London, UK

Find your next job