South Africa’s Rand Merchant Bank goes live on TraderTools
Rand Merchant Bank, the investment banking arm of South African financial group FirstRand, has implemented TraderTools’ liquidity management platform to support its foreign exchange trading desk and is already reaping the rewards, according to officials at the bank.
The liquidity management platform provides FX pricing and aggregation technology and will enable Rand Merchant Bank to connect to 10 liquidity providers.
"We were looking for a solution that simply aggregated prices. We wanted to
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