Forward FX

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.

ETC is an established trading platform facilitating trade execution and price discovery across Government Bond, Repo, Fixed Income and FX markets. The platform is currently deployed to over 100 banks throughout Europe, North America, and Asia, and enables ’hybrid’ voice-electronic trading, which co-mingles voice and electronic liquidity pools. This allows our customers ultimate execution choice and flexibility, coupled with full straight through processing.

Additional Information

Contact details

  • London - E-trading (i-Forwards): + 44 (0) 20 7000 5172
  • London - E-trading (ETC): + 44 (0) 20 7000 5181
  • New York - E-trading (ETC): + 1 212 815 9070
  • Hong Kong - E-trading (ETC): + 852 2532 0807
  • London: + 44(0) 20 7532 3720
  • New York: + 1 212 815 9464
  • Sydney: + 612 977 0827
  • Hong Kong: + 852 2521 5102
  • Mumbai: + 91 22 2282 1200
  • Seoul: + 82 311 7645
  • Jakarta: + 6221 522 0371
  • Wellington: + 64 4 499 0009
  • Manila: + 632 888 0202
  • Singapore: + 65 6329 9372
  • Bangkok: + 66 2256 0885
  • Manama: + 973 1721 2031
  • Copenhagen: + 45 77 88 7626
  • Warsaw: + 48 22 820 3810
  • Johannesburg: + 27 11 838 2023