Germany’s second largest bank has unveiled it’s new and improved FX trading platform. The platform named Commander is a step up from the renowned Click & Trade FX, with enhanced functionality – Commerz Bank is keen to compete with the top 10 FX banks who seem to be taking charge of the main market share in volumes.
The revitalised technology comes with a brand new FX structuring platform, Kristall; an expanded product range; and improved userability, with multimedia support, real time event news, tutorials, opinions and research.
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The battle of the single dealer platforms against the multi bank portals has always been around liquidity and usability. The banks were slow to respond to the likes of Currenex, Hotspot and FXall however bank platform offer services beyond trade execution and research.
Commerzbank recently teamed up with smartTrade FX to take advantage of smartTrade’s Liquidity Management System.
Forexmagnates tea had a detailed look at institutional trade volumes and platforms in the latest quarterly report.