Dutch bank ABN Amro is planning a global debut next year for Dealstation, its white-labelled, foreign exchange trading platform, bank officials told RiskNews ' sister publication Trading Technology Week .The system has garnered "handfuls" of downstream bank clients in the US over the past three years, the officials said. The plan now is to roll Dealstation out across Europe and Asia to provide clients with dealing services in more financial centres and time zones. ABN Amro also plans to extend the service by adding forex options, 'point-and-click' dealing, configurable default amounts and streaming rates on open deal tickets. The system currently offers trading in forex spot, forwards and swaps in any tradable currency pair.
The bank is also hoping to offer risk analysis tools, said Steve Metzler, ABN Amro's global forex head of non-traditional products. Metzler added the bank has seen strong demand for a white-labelled option as smaller banks feel the pressure to compete with major participants.
The roll-out will start in the first quarter of next year, said ABN Amro.
More on Technology
Focus needs to be on reacting, not stopping every threat
Companies can wring more value from regulation-mandated data
Risk's annual round-up of new software developments
Markup language could reduce high levels of operational risk
Sign up for Risk.net email alerts
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
Nominated for two technology awards
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.