Standard Chartered Upgrades Online FX Service

Standard Chartered said that it has launched enhanced online banking foreign exchange (FX) services through its Straight2Bank platform.

It added that the new service brings a choice of 130 global currencies to clients in the United Arab Emirates (UAE), Bahrain, Oman and Qatar and is accessible to its corporate clients via the bank’s online banking platform. Clients will be able to instantly access international trade currencies within Straight2Bank and accelerate currency payments for Middle East, Asia and intra-Middle East trade relationships.

In addition to a wider choice of trade currencies, corporate clients can also access instantaneous foreign currency quotations, again using the Straight2Bank corporate online banking portal Straight2Bank. The request for quote (RFQ) feature allows customers to bypass having to call for currency quotations from a bank’s local treasury desk, in order to trade in a company’s currency of choice. They can instead receive an almost instantaneous quotation by selecting their currency and volumes for conversion online, with the option to accept or decline within minutes.