
Ta Chong Bank live with FinIQ’s Liquidity Link
The implementation took six months and connects the retail bank to an unnamed market-maker in the plain vanilla options market. Previously the bank sourced options prices over the phone.
In addition, the system gathers real-time cash balances for retail customers, along with various validations, making it one of the first implementations ever to have retail banking integration and real-time currency options trading within the same platform.
A vendor official said Ta Chong is using the system to
More on Foreign Exchange
Average reported daily UK FX turnover hits record high
Daily turnover of $2,881bn in October 2019, up 2% from previous high of $2,821bn in April
PBoC injects 1.2 trillion yuan as markets plunge
Chinese central bank eases to support economy as coronavirus spreads; Q1 GDP growth could drop to 4%
Spot volumes on platforms resumed downward trend in 2019
But an uptick was seen in FX swaps and forwards submitted for settlement
PBoC extends market closure as coronavirus spreads rapidly
Chinese central bank extends interbank markets closure and vows to maintain ample liquidity