StanChart launches FX spot intermediation
New service aims to plug the gap
Standard Chartered has launched a FX spot intermediation service as part of its Eclipse platform and plans to introduce Asia-based over-the-counter and FX clearing, and full FX intermediation this year.
The FX spot service aims to fill the gap created by other banks shifting their focus to 'core markets' amid tougher regulation, which has left many financial and non-financial institutions seeking alternative providers, says StanChart.
"With FX spot intermediation, clients trading in our name
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