National Bank of Fujairah launches NBFX electronic trading platform – News

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The National Bank of Fujairah (NBF) has announced the launch of its electronic trading platform – NBFX.

By expanding the bank’s digital offerings, NBFX provides customers with a digital experience tailored to meet their cash flow needs and is available to conventional and Sharia-compliant banking customers. 24/7 availability means customers can execute transactions during and beyond bank working hours and enjoy liquidity in all time zones.

The new platform acts as an efficient, competitive and user-friendly place for the execution of foreign exchange and precious metals transactions. NBFX offers users a tailored experience based on their needs with instant and easy execution of FX trades, order management and easily available trade history. Unique to NBFX is the ability for clients to execute undeliverable FX futures (NDF) and FX time options 24/7.

Commenting on the launch of NBFX, NBF CEO Vince Cook said: “The launch of NBFX further underscores the bank’s commitment to being the best financial partner for customers; this is achieved by combining the latest technology with its extensive market experience. This unique platform ensures that customers are able to customize it to their preferences, gain access to the most competitive price execution, and leverage valuable data and information to guide their decisions. “

He added: “In addition, they benefit from the support of a team of treasury, trading and structuring experts to help them adapt to changes in the market and to hedge the underlying risks. Going forward, we plan to expand the reach of NBFX to meet customer needs. wider requirements in the field of energy, base metals and raw materials.

NBFX is designed for existing and potential clients, allowing them to benefit from a simplified and streamlined trade reservation process, reducing the need for manual intervention while opening competitive FX and precious metals prices in real time. By leveraging best practices and multi-factor authentication for client connections, NBFX provides a safe and secure platform for clients to execute transactions.

Developed to meet customer needs, this new platform is part of the bank’s overall strategy to help its customers take advantage of new opportunities made possible by the evolution of financial technologies.

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