Standard Bank targets retail FX
The bank went live with the re-branded Standard FX Trader platform following a year of development and due diligence. As part of the deal, the bank is outsourcing liquidity in 38 currencies, spot gold and silver, trading tools, and research to Gain Capital. It has no immediate plans to stream its own liquidity into the platform.
It joins others including Citi, Deutsche Bank and Royal Bank of Scotland to white-label a platform to target the lucrative retail foreign exchange market, thought to be
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