NEW YORK, November 15, 2011 /PRNewswire/ --
- South African bank launches fully-hosted FX trading platform
TraderTools Inc. (TraderTools), which provides the only complete, integrated FX trading platform available on the market, announced today that Standard Bank, the largest African bank, has gone live with TraderTools' Liquidity Management Platform™ for its FX trading activities.
"TraderTools was the only supplier to prove that its solution could help traders generate Alpha," said Richard De Roos, Standard Bank's Global Head of Trading. "Their Liquidity Management Platform was up and running in record time."
"We are excited to be working with one of the largest global banks on the African continent," said Mark Mayerfeld, Executive VP, International Sales at TraderTools. "Standard Bank now has a fully-hosted FX aggregation platform optimized for growth."
About Standard Bank Group
Standard Bank Group, headquartered in South Africa, is the largest African bank by assets and earnings. The group has a wide representation which spans 17 African countries and 13 countries outside of Africa with an emerging markets focus. Standard Bank has 1 290 branches on the African continent.
Standard Bank Group is listed on the JSE Limited, share code SBK and has a December year end.
The Standard Bank Group, had total assets of R1 379 billion (approximately USD203 billion) at 30 June 2010 and employs more than 52 000 (including Liberty) people worldwide. Standard Bank's market capitalisation at 30 June 2010 was R159 billion (approximately USD23 billion).
The bank's long-term ratings are: Moody's A3, Standard & Poor's BBB, Fitch Ratings BBB+. The South African sovereign ratings are: Moody's A3, Standard & Poor's BBB+, Fitch Ratings BBB+. Standard Bank's equity is widely spread. At 30 June 2010, Industrial and Commercial Bank of China (ICBC) held 20,0% followed by The Public Investment Corporation holding 13,1%.
TraderTools Inc. delivers the only complete, integrated, FX trading platform available on the market. Banks and brokerages use the TraderTools platform to increase FX revenues, reduce FX costs, improve FX spreads and access vital information to help run their FX businesses more efficiently and effectively.
FX desks traditionally deploy an assortment of vertical tools, developed internally or externally by different vendors. TraderTools replaces these disparate products with a single innovative platform that addresses the 4 most pressing FX challenges: an FX pricing engine, FX liquidity aggregation, global FX order management and FX white-labelling. It is an end-to-end solution designed to work seamlessly across all components and provide unparalleled visibility into the entire FX workflow. The result is an optimized FX Liquidity Management Platform™ - with advanced capabilities, like algorithmic FX trading and FX auto-hedging - designed to generate profits.
The TraderTools FX trading platform is the product of more than a decade's worth of experience with some of the world's largest financial institutions.
TraderTools, LightFX, Liquidity Management Platform and the tagline "The eFXperts" are trademarks of TraderTools Inc.
SOURCE TraderTools Inc.