Allied Irish Banks (AIB) has announced details of AIBDEALER.com, a global 24-hour online foreign exchange dealing system. The Web-based service is intended for use by corporate and medium-sized companies trading in spot, forward and FX swaps.
Orders for currency purchases and sales can also be taken over AIBDEALER.com, which provides an automatic order watch facility, where the dealing system watches the market on behalf of the customer. The service has been developed in conjunction with AIB's London and New York offices after extensive research with customers in all three locations.
“Using the efficiencies of Web technology and online market feeds, we can offer competitive solutions and extended trading periods to our business customers. A recent AIB survey of internet usage amongst our dealing customers showed that 86% of business have access to the World Wide Web on their desktops”, says John Rice, chief dealer, AIB Corporate & Commercial Treasury.
Available from September, the system is designed to enable speedy, convenient and efficient pricing in amounts of up to IR£1million equivalents.