Bourse trading on-line

Foreign exchange transactions are now just a click away.

Elaine Leong

May 01, 2000

Stiff competition and shrinking margins, partially due to the introduction of the Euro, have pushed banks to look at the internet when it comes to reducing costly paperwork, manual labor, and minimizing overheads. Furthermore, in a world where minutes can make the difference between a good and bad margin, customers are demanding speedy, efficient and transparent delivery.

Standard Chartered in Hong Kong has launched a browser-based on-line dealing system, which will allow straight end-to-end processing of transactions on a real-time basis. Treasury On-line will allow corporate customers to transact a number of both spot and forward foreign exchanges in less than 30 seconds. And the bank boasts that in only 3 seconds,...

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