The world’s best solution for FX non-deliverable forwards (NDFs) 2025: SGX FX

SGX FX’s focus on workflow automation and actionable analytics has set new benchmarks for efficiency and transparency in non-deliverable forward (NDF) trading. As part of SGX Group, SGX FX brings together a unique combination of over-the-counter (OTC ) and exchange-traded FX solutions.  

Its platform integrates three complementary businesses: BidFX for the buy side; MaxxTrader for the sell side; and SGX CurrencyNode, its anonymous electronic communication network. This ecosystem provides institutions with access to disclosed and anonymous liquidity, advanced execution management systems and proprietary analytics tailored to NDF market participants.  

SGX FX has supported streaming NDFs across standard tenors and broken dates for more than a decade, with all major liquidity providers certified across executable streaming prices (ESP) and request-for-quote (RFQ) protocols.

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