LSEG Singapore NDF platform to gain from EBS London shift
New matching engine could clean up in Asia as rival facility exits Tokyo
Traders expect London Stock Exchange Group’s new Singapore-based non-deliverable forwards platform to win big in regional market share as rival EBS moves its NDF matching engine to London.
The LSEG platform, dubbed NDF Matching, was announced in May and will launch in the city-state in mid-2023. The news comes just as EBS has jettisoned its Tokyo matching engine and moved matching of all NDF trades to London as part of its integration with parent CME Globex.
Traders say the LSEG platform will
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