Standard Bank adds precious metals to online statement service

Standard Bank adds precious metals to online statement service

Standard Bank in London has extended its Internet statement service to cover trading in precious metals.

The service, developed in conjunction with MMT Computing, has been in operation for Standard's base metals clients for over a year and is used by a third of the bank's trading customers.

The upgraded service now covers gold, silver, platinum, palladium, other platinum group metals, oil products, electricity and coal.

"Standard can now offer a more regular and timely service to clients who are remote from the bank's central operations" says Philip Scott, new technology strategist at Standard. "Many of our keenest clients are in producing countries in Latin America, the Far East and the former Soviet Republics, but coverage extends into the consuming markets. It is not uncommon to see Standard's Internet pages on screens in Dubai's Gold Souk."

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