ICAP has completed a Non-Deliverable FX Swap (NDS) trade on the EBS platform. The product on EBS is a new electronically traded instrument, which was launched earlier this month and is available in Asian and LatAm Deliverable FX Swaps.

The product was designed to provide an ease and accuracy to a trader’s FX positions management. ICAP completed the trade on June 13, 2011 between two NDF market participant banks in Asia.

Click here for the release from ICAP.