Indian Banks corporates get online trading platform
IndusInd Bank a mid tier retail and commercial bank in India has launched its latest enhancement for corporate clients dealing
IndusInd Bank a mid tier retail and commercial bank in India has launched its latest enhancement for corporate clients dealing in FX markets. The FastForex-Forex trading platform, which assists its corporate customers to know the forex prices on a real-time basis. This platform enables the Bank’s corporate customers to reach the FX Treasury via Internet and a standard web browser, which in turn, helps the treasury to price, execute, confirm and manage FX transactions with the customers seamlessly.
This online system automates rate quotation and executes low value, low risk transactions which facilitates dealers to concentrate on deals. With the implementation of FastForex, corporates do not have to key in at the dealing room or the back office; suitable deal input validations can now be performed by the system at the client level. The possibilities of errors in entering details at multiple places reduce considerably, since the deals now flow in directly from FastForex to the front office system.
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Is their any benefit to Indian retail trader to this news
Is their any benefit to Indian retail trader to this news
currently there is no direct offering for retail traders, we are still awaiting feedback from indusbank. However this offering is geared towards Indusbanks large corporates and institutional clients trading in Inr OTC like swaps, options and forwards/ ndf.
nope. but if i were you i’d pick only the largest and most established brokers from this list.
nope. but if i were you i’d pick only the largest and most established brokers from this list.
currently there is no direct offering for retail traders, we are still awaiting feedback from indusbank. However this offering is geared towards Indusbanks large corporates and institutional clients trading in Inr OTC like swaps, options and forwards/ ndf.