Setting you up for success

Low latency trading + tech provider Lucera’s hassle-free plug-and-play platform gets you trading NDFs faster than ever before.

NEXT GEN TECHNOLOGY

Unlock the future of trading with Lucera’s superior on-demand tech infrastructure. Lower your bandwidth costs, speed up client onboarding, and scale to your needs, with no upfront fees or term commitments – just pay month by month. And customise your trading experience through Bespoke Private Rooms, that offer tailored interactions with your preferred Liquidity providers.

Lucera is BGC Group’s in-house technology provider and delivers low-latency, real-time market data for risk management and performance analysis. Founded in 2013, offers on-demand infrastructure for the FX sector, addressing challenges like increasing market data volumes, latency competition, and rising costs. Lucera’s software-defined network (SDN) provides real-time connectivity, lower bandwidth costs, quick client onboarding, flexible usage, and reduced risks. To learn more, please visit www.lucera.com for more information.

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ACCESS OFF-SEF LIQUIDITY

Our platform extends a sophisticated Combined ON/OFF SEF Liquidity Pool that ensures seamless transactions with U.S. entities without the need to change their trading entity. It offers a comprehensive trading environment where ON-SEF clients can access a broader liquidity spectrum from OFF-SEF entities, enhancing trading opportunities without sacrificing convenience.

Liquidity via BGC voice

FMX NDF’s range of services includes liquidity from the BGC voice broking business via ON-BEHALF-OF functionality (OBO).

MATCHING ENGINE

The FMX NDF matching engine is located in SG1 and is available between Sunday evening at 17:00 EST/ 22:00 UTC (or 17:00 EDT/ 21:00 UTC) and Friday evening at 17:00 EST/ 22:00 UTC (or 17:00 EDT/ 21:00 UTC).

non-bifurcated LIQUIDITY pool with fast and reliable execution

  • Central Clearing Counterparty (CCP) option available
  • Combined liquidity pool for ON SEF and OFF venue.
  • OBO functionality – NDF voice liquidity with BGC broker participation.
  • Post-trade, clearing via LCH or bilateral available as settlement options
  • Transparent brokerage, reporting tools, 24/5 support

ASIAN NDF ONE MONTH INSTRUMENTS

USD/INR0.001
USD/KRW0.01
USD/PHP0.001
USD/CNY0.001
USD/IDR1
USD/TWD0.001
LATAM and selective broken dates (IMM and Month End) coming soon.

Market-leading features

The FMX NDF platform gives you unbeatable access to the NDF market.

  • Premium liquidity and execution
  • Bespoke liquidity pools to match your needs
  • Tightest pricing and volume-based fees
  • Advanced tech platform enables low-cost, low latency trading
  • Reduce operational and regulatory risk via Our leading credit risk management solutions
  • Central limit order book supporting multiple order options

  • Easy integration with common notification networks
  • Streamline trade execution with straight-through processing
  • CENTRAL CLEARING COUNTERPARTY (CCP) Option available, plus Access bilateral credit with counterparties and prime brokers

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BECOMING A FMX NDF CLIENT

Know how you can access electronic trading of Asian Non-Deliverable Forwards (NDF).

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