Hotspot gears up for NDFs following forwards launch
Venue set to list NDFs on-Sef in the coming weeks, after completing the first anonymous outright forwards trade
Hotspot is gearing up for the formal launch of non-deliverable forwards (NDFs) on its swap execution facility (Sef) in the coming weeks, the now CBOE-owned venue said as part of its announcement on completing its first anonymous outright forwards trade.
Hotspot’s previous owner, Bats, now part of the CBOE umbrella, acquired registered Sef Javelin in August 2016. The move follows the revision of a Commodity Futures Trading Commission filing dated March 31, which updated the Sef’s rulebook and
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