Sheer Markets launches NDFs and hires Antonis Papaioannou as CTO

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.