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October 17, 2023 - Edgewater Markets has added Non-Deliverable Forwards (NDFs) IMM dates for USD/CLP (Chilean Peso), USD/PEN (Peruvian Sol), and USD/COP (Colombian Peso) to its suite of offerings. This introduction aims to provide clients with increased flexibility and strategic advantages in markets that traditionally pose challenges due to foreign exchange controls and access to local providers.
Edgewater’s initiative in offering NDFs access with local providers ensures that clients can navigate these markets with enhanced liquidity and depth, precise price discovery, and simplified settlement procedures. Furthermore, the addition of the IMM tenor promises to unlock strategic trading opportunities clients have requested, allowing them to tailor their positions based on specific needs of their portfolios.
Robert Sanchez, Managing Director and Head of Latin America at Edgewater Markets LLC, commented, “In our continued pursuit to offer robust and adaptable solutions to our clients, the introduction of IMM NDFs is a testament to our commitment. We understand the intricacies of the forex world, and in particular LatAm markets, with this offering, we aim to empower our clients to navigate it with greater choice in execution.”
