Taiwanese Investment Bank trading with Saxo
Chinatrust Commercial Bank, the largest private bank in Taiwan, is now actively trading FX via the SaxoTrader.
First Published by e-Forex News: July, 2005
Chinatrust Commercial Bank, the largest private bank in Taiwan, is now actively trading FX via the SaxoTrader. Chinatrust Commercial Bank / Hong Kong Branch has begun an institutional FX trading relationship with Denmark's Saxo Bank. <br><br>
The contract, approved in December 2004, covers a range of major FX currency crosses, which the Chinese bank trades on behalf of its own account as well as its clients' accounts. For Saxo Bank, the engagement with Chinatrust comes amid a sustained period of business growth in the Far East.
"We are starting to see more and more interest from Asian banks and are gratified to have been selected by Chinatrust," says co-CEO Kim Fournais. "What they are seeking is a platform that does it all: data, prices, charts and trading plus a bullet-proof risk management capability. They find it in the SaxoTrader."