Finalto Expands NDFs Offering with CLP and COP

Finalto, a leading provider of B2B multi-asset liquidity and clearing services, has expanded its NDFs offering with two Latin American NDFs, Chilean Peso (CLP) and Colombian Peso (COP).

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The addition was said to be a response to the needs of the company's customers. Traders in the region and those looking to expand their interests in Latin American markets have shown particular interest in the NDFs.

"The Chilean and Colombian pesos have been fighting against a rampaging US dollar in 2022. Chile's peso hit an all-time low this year but has recovered some ground since the country agreed a credit line with the IMF. A swift tightening of monetary policy by the Federal Reserve has also sent Colombia's peso plunging this year," commented Neil Wilson, Chief Markets Analyst for Finalto.

Starting to providing CLP and COP on its platform marks the most recent addition to Finalto's offering across the global markets amongst several key moves of products expansion during recent months, including adding JPY Cryptos​ and more African pairs​ for trading.