Standard Bank goes live with RET-AD
Reuters has won a significant contract with Standard Bank of South Africa to provide electronic trading technology.
First Published by e-Forex News: July, 2006
Reuters has won a significant contract with Standard Bank of South Africa to provide electronic trading technology. The deal follows a competitive review and makes Standard Bank the first South African bank to make use of Reuters electronic trading technology to power its foreign exchange e-commerce trading platform for its corporate customers.
Standard Banks eMarketTrader, as the new service is known, went live recently. It will allow corporate customers to access and trade on real-time, executable foreign exchange prices by accessing any standard internet browser. Standard Bank will launch initially in South Africa, with plans to make Reuters Electronic Trading Automated Dealing the banks global electronic trading platform.