StanChart Rolls Out FX Aggregation

Nelson Giles, CTO for Europe, the Middle East and Africa with Progress Software in London, confirmed that the bank first implemented the platform in November 2008 (DWT, Nov. 3, 2008) and now sees activity on the platform in Singapore, New York, London and Dubai. There are multiple traders using the aggregator in each of the locations, with more positions to be rolled out, said Nelson.

The aggregator connects to five undisclosed foreign exchange electronic communications networks (ECNs), said Todd

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