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.