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 in FX markets. The FastForex-Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, 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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