Abu Dhabi – Mubasher: The National Bank of Fujairah (NBF) has launched an electronic trading platform (NBFX) to expand its digital services

Available for both conventional and Shariah-compliant banking customers, NBFX will help customers hedge their treasury requirements through digital offerings, according to a press release on Sunday.

Through the new platform, customers are also able to carry out foreign exchange and precious metal transactions and execute FX Non-Deliverable Forwards (NDFs) and FX Time Options, alongside FX Spot, FX Swaps, and FX Forwards.

NBF’s CEO, Vince Cook, said: "This unique platform ensures that customers are able to customise 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."

Cook added: "In addition, they have the backing of a team of experts across treasury, trading, and structuring to help them navigate market changes and hedge underlying risks. Looking ahead, we have plans to expand the scope of NBFX to cater to customers’ wider requirements across energy, base metals, and soft commodities."