NDFs are forward contracts that allow traders to hedge or speculate on currencies that have restricted liquidity.
Phillip Nova is expanding its partnership with Integral, a leading currency technology provider to the financial markets, to enhance its non-deliverable forward (NDF) and foreign exchange (FX) swap trading operations.
The Singapore-based multi-asset brokerage firm, part of PhillipCapital, is doing this amid surging demand for NDFs among traders in the Asia-Pacific region.
