A forward foreign exchange (FX) transaction involves the purchase of one currency against the sale of another for delivery on an agreed date in the future. It is similar to a spot FX deal, only for settlement at a later date, for example 7 days, one month, one year or a specific date.
ICAP is a leading broker of FX forwards. We offer a full and comprehensive voice broking service on all the G7, local domestic and emerging market currencies, as well as a wide range of cash-settled non-deliverable forwards. In 2007, we launched our electronic i-Forwards service for a growing number of currency pairs to complement our existing voice broking offering.
To find out more about how ICAP's services can help your business, contact:
Electronic:Americas: +1 212 521 4655
Voice:New York: +1 212 815 9460
