ABN AMRO sees doubling of FX e-activity

ABN Amro has witnessed a doubling of its FX e-activity in the last year, both in terms of transactions and volumes, and expects another doubling in 2004. In the last six months, it has rolled out enhanced functionality for its proprietary system DealStation, which benefit most clients and in particular Financial Institutions, including API price delivery, block trading, proxy dealing and increased post-trade STP. Added to this the bank has increased FX swap auto-trading thresholds, upped to $250 mio in the G-11currencies. Immediate attention is focussing on a number of new initiatives, specifically further API development.Andrew Kidd,Head of eDistribution FX &MM."With a good pipeline of demand and with other interested parties expected, we anticipate this to be the biggest area of growth this year", reports Andrew Kidd, Head of eDistribution FX &MM....continued

Exclusive Content

The full article is only available to current subscribers. Click here to sign in or subscribe by clicking here