StanChart's Middle East drive will boost forex volumes

LONDON - Standard Chartered's foreign exchange volumes are set to be boosted by the bank's securities services business expansion into the Middle East.

The bank is extending into Bahrain, Qatar, Oman and three other unnamed markets. Richard Leighton, global head of FX in London, said the additional custody business generated in the region will benefit FX.

"The caveat is that a lot of the flows we saw early last year were speculative in nature, with hedge funds taking positions on the back of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: