EBS hosts first African NDF execution, adds more pairs

By GlobalCapital
04 Nov 2019

EBS, the FX electronic trading platform, announced the execution of its first African non-deliverable forward (NDF) on a central limit order book platform on Monday.

The trade comes amid growing demand for NDFs linked to African currencies as the region experiences strong, secular economic growth.

According to EBS, the trade — a dollar/Kenyan shilling one month NDF — was executed through EBS Market on October 23, between Bank of America and Citi. While ...

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