Stanbic Bank has launched a live foreign exchange trading portal in Tanzania. This is the first of its kind in Tanzania. The platform, which is named e-Market trader will allow customers to trade currencies at their convenience with access to an integrated, web-based, real time foreign exchange portal with live market insights, real-time pricing and market research.
The e-Market trader digital platform allows customers to trade currencies at their convenience while also offering real time pricing for 64 currencies based on the market’s performance.
Stanbic Bank Head of Global Markets, Erick Mushi said, “Leveraging on technology through this innovation that features real-time dealing and access to Standard Bank’s research portal…In the past, our clients had to call the bank’s dealing room to buy and sell currencies and were restricted to trade within working hours. However, with the launch of eMarket Trader, clients now have access to forex trading and real-time market insights” he said.
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Stanbic Bank Tanzania is part of the Standard Bank Group, the largest African bank by assets with its headquarters in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange, with share code SBK, and the Namibian Stock.
e-Market trader will also enable customers to place and monitor foreign exchange orders, access historical trade data on the market, and keep a record of all deals through trading receipts. The portal has additional unique features that are tailored to the market such as a customized user interface and executive live streamed spot transactions across dozens of currency pairs.
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