The Banking Executive Magazine - Septmber Issue 2021

NBF NBF LAUNCHES ELECTRONIC TRADING PLATFORM National Bank of Fujairah (NBF) has announced the launch of its elec- tronic trading platform - NBFX, which offers customers digital expe- rience to hedge their treasury re- quirements. The new platform is available for both conventional and Shariah-com- pliant banking customers on a 24/5 basis, which means that customers can execute transactions during and beyond the bank’s working hours and benefit from liquidity across all time zones. NBFX acts as an efficient, competi- tive and user-friendly venue for exe- cuting Foreign Exchange and Pre- cious Metal transactions. It provides users with a tailored experience that is based on their needs with instant and easy execution of FX trades, order management and readily avail- able transaction history. Unique to NBFX is the possibility for customers to execute FX Non-Deliverable For- wards (NDFs) and FX Time Options on a 24/5 basis. Commenting on the launch of NBFX, Vince Cook, NBF’s CEO, said, "The launch of NBFX further highlights the bank’s commitment to being the best financial partner for customers; this is achieved by combining the latest technology with its in-depth market experience. This unique platform en- sures that customers are able to cus- tomise it according to their preferences, have access to the most competitive price execution, and tap into valuable data and insights to help guide their decisions. In addi- tion, they have the backing of a team of experts across treasury, trading and structuring to help them navigate market changes and hedge underly- ing risks. Looking ahead, we have plans to expand the scope of NBFX to cater to customers’ wider require- ments across energy, base metals and soft commodities." the BANKING EXECUTIVE 16 ISSUE 153 SEPTEMBER 2021