Sheer Markets launches NDFs and hires Antonis Papaioannou as CTO

Rick Steves

Sheer Markets caters to both retail traders but also corporate clients. While retail traders can invest and trade directly with Sheer Markets, institutional clients can benefit from Sheer Markets’ CFD and NDF liquidity provision.

Sheer Markets has launched Non-Deliverable Forwards (NDFs) and Emerging Market FX (EMFX) as the firm pursues the mission to introduce a new range of products in retail FX.

Founded in 2020, Sheer Markets is pioneering the live streaming of NDFs for retail traders, which until now, have been largely unavailable to online traders and investors through the MetaTrader 4 and MetaTrader 5 trading platforms.

The retail broker has recently acquired a regulatory license from the Cyprus Securities and Exchange Commission (CySEC) in order to provide a regulated offering of live streaming NDFs, EMFX and FX, as well as CFD products (crypto, equities, indices, and commodities).

NDFs have seen extraordinary demand since the pandemic, with a 300% increase in institutional volume over the past 12 years. Sheer Markets intends to bring NDF products to retail traders and corporates so they can enter an untapped market with new investment potential, allowing them to trade currencies like the Brazilian Real, Indian Rupee and Korean Won.

Sheer Markets caters to both retail traders but also corporate clients. While retail traders can invest and trade directly with Sheer Markets, institutional clients can benefit from Sheer Markets’ CFD and NDF liquidity provision.

Alex Ladouceur, co-founder and Chairman of Sheer Markets, said: “It is with great excitement that we take our first step in introducing the online trading community to NDFs, as this is a product with unprecedented investment potential which has long remained undeveloped and conceals unprecedented investment potential.

“As the economies of EMFX and NDFs develop further, demand for these types of products from existing and new FX users is set to will widen and accelerate, accompanied by an expansion in liquidity and increased turnover. Whereas so far there has been no viable streaming NDF service through many of the regular online trading platforms, now Sheer Markets will now be there to fill that gap and meet that need.”

Naturally, a recently established firm within the trading industry has to surround itself with the best talent available. To lead the technology team, Sheer Markets has hired Antonis Papaioannou as Chief Technology Officer.

Mr. Papaioannou joined the company from FXVC Online Trading, where he was Head of Information and Communication Technology. Prior to that, he was Chief Technology Officer at Blackwell Global, based in London.

Read this next

Education, Fintech, Inside View

How to Get Into Fintech: Best Tips to Succeed

The Fintech sector is experiencing significant growth, with fresh opportunities emerging rapidly.  Innovations such as machine learning and cryptocurrency are revolutionising finance, leading to a need for trained experts.

Digital Assets

FalconX launches Prime Connect on Deribit

“We are pleased to launch Prime Connect with Deribit and look forward to providing our full suite of prime services which allow institutions to confidently scale their digital assets portfolios while trading on exchanges.”

Retail FX

Lion launches multi-currency trading accounts powered by AI

The core advantages of multi-currency trading account services include enabling significant cost savings and higher efficiency for investors.

Inside View, Interviews

Interview: Stanislav Bunimovich on Finalto’s white label solution

To explore what makes Finalto’s white-label solutions stand out in such an incredibly competitive market, Finalto sat down with its Chief Operating Officer, Stanislav Bunimovich, for an interview. 

Digital Assets

Talos acquired Cloudwall for a better portfolio management system

Cloudwall’s additional expertise in portfolio risk systems further positions Talos at the forefront of portfolio management systems across spot, futures, perps, and options.

Digital Assets

Bybit’s Bitcoin market share explodes, up by 400%

“This milestone is a testament to our sharp trading products and the loyalty of our users. As the industry evolves, Bybit remains at the forefront, ready to set new standards in the crypto trading world.”

Crypto Insider

Why Self-Custody is the Key to Secure Crypto Trading

Crypto trading is fast gaining popularity; as of writing, the total market capitalization stands at $2.3 trillion, double what it was at the onset of the 2021 bull market.

Industry News

UK FCA sues Lee Steven Maggs for FX scam Kube Trading

‘Kube Trading’ allegedly received around £2.67 million for FX trading and concealed significant losses from investors.

Market News

AUD/USD Soars Following Inflation Report

Australia’s CPI surge hints at prolonged tight monetary policy. Watch the Aussie dollar as US economic data looms.

<