brokers for NDF trading

Discussion in 'Retail Brokers' started by obsidian, Nov 2, 2011.

  1. obsidian


    I'm looking for a broker for trading non-deliverable forwards (NDFs) on Asian currencies such as TWD, CNY, INR. MF Global in HK/SG was the only broker I know of that offered this, but obviously that is no longer an option. Next level up would have been to open a PB relationship with Abn Amro/NewEdge. I can also access via private banking, but there it is all voice-based and execution costs are ridiculous.

    I'm ok with account minimums up to 1mio USD but prefer not to go through the hassle of opening a PB relationship. Really wish Interactive Brokers would step up their institutional-level coverage and started market-making NDFs.

    Does anyone have any advice? Thanks in advance.