Milford, DE -- (SBWIRE) -- 02/24/2014 -- Herrington Global a leading provider of Commodities and Forex brokerage, electronic execution and trading support products for global financial markets, announced today that it has added API (Application Programming Interface) connectivity on Herrington Global ComForex®
ComForex®, Herrington Global’s electronic trading platform for FX derivatives - for the trading of a number of Latin American non-deliverable forwards “NDFs” added API facilitates real-time price quotations, trade execution and confirmations. API connectivity allows customers to seamlessly access and contributes to liquidity on Herrington Global ComForex®.
Six major Latin American NDFs and Forwards: Chilean peso/ USD, Colombian peso/ USD, Peruvian Sol/USD, Argentinean Peso/USD, Brazilian Real/ USD NDFs and Mexican Peso/USD forwards, as well as their respective FX Options, are now all actively traded on Herrington Global ComForex® both on a Central Limit Order Book and RFQ basis.
Herrington Global intends to provide customers trading these currency pairs post- trade connectivity services via Market SERVICE who will provide connection to different Central Counterparty Clearing Houses and to Swap Data.
Peter Xi Lau, Herrington Global ComForex® Product Manager at Herrington Global, said: “We are expanding our business operations in Latin America boosted by the success of our hybrid trading platform for FX derivatives” and added, “We are providing our clients with the latest technology in connectivity.”
Herrington Global ComForex® is Herrington Global's innovative electronic trading system for FX derivatives. It supports Herrington Global's hybrid brokerage model, combining sophisticated electronic trading technology with voice brokerage services to deliver efficient deal execution. Herrington Global ComForex® streamlines price discovery, allows online trading of FX instruments and facilitates the analysis of market trends with the latest tradable prices.
Herrington Global ComForex® enables trading on:
-Latin American NDF (ARS, BRL, CLP, COP, PEN, UYU),
-Cross Currency Basis Swaps,
-Latin American Inflation Forwards,
-Latin American Interest Rate Swaps.
Herrington Global is a leading provider of advisory services and technology-based financial services to retail investors, traders and independent registered investment advisors. We provide our services predominantly through the internet, international partnerships networks and relationships with investment advisors. We believe that our services appeal to a broad market of independent, value-conscious retail investors, traders, financial planners and institutions.
About Herrington Global
Herrington Global is a leading provider of advisory services and technology-based financial services to retail investors, traders and independent registered investment advisors (“RIAs”). We provide our services predominantly through the Internet, international partnerships networks and relationships with RIAs. We believe that our services appeal to a broad market of independent, value-conscious retail investors, traders, financial planners and institutions.
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