Standard Chartered joins FXall connect

Standard Chartered has already adopted rival platform Atriax, and is a member of the Cognotec Liquidity Linq network. With FXall connect, the bank is aiming to offer its products through as many distribution channels as possible, said Macer Gifford, head of e-commerce, global markets, at Standard Chartered.

“We believe that the multi-user forex trading platforms are new and innovative channels which reach out to our customers and bring greater transparency to the market-place,” said Gifford. “Standard Chartered is one of the world’s leading market makers in emerging market currencies, and these forex portals are ideal platforms to demonstrate our superiority in meeting the needs of our customers in these currencies.”

Standard Chartered's hook-up with Liquidity Linq enables banks in the Cognotec e-commerce network to use Standard Chartered as a liquidity provider to their own clients. This means banks can offer their clients trading in Standard Chartered's wide range of emerging market currencies, without taking on the market risk. Both banks add spreads to the transaction, which is passed on to the client.

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