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Screenshot of a breaking news alert e-mail from Q2 2017
Cboe Global Markets, Inc. (Nasdaq: CBOE) has just announced that its swap execution facility, Cboe SEF, has launched trading of U.S. Dollar (USD)/ Russian Ruble (RUB) and USD/Peruvian Sol (PEN) non-deliverable foreign exchange forward currency pairs.
Bryan Harkins, Executive Vice President and Co-Head, Markets Division, at Cboe, said:
We have seen success in trading non-deliverable forwards, which launched on Cboe SEF late last year. As we continue to build this new market, we have received strong interest from firms across the globe, particularly buy-side firms, many of which have been interested in trading these newly-listed currency pairs. We will continue to work with our customers to expand our currency pair universe to meet their diverse needs.
Cboe FX launched NDF trading on Cboe SEF in December 2017, bringing Cboe’s track record for innovation to the NDF market. Cboe SEF currently offers trading in 12 currency pairs.