The Mitsubishi Trust and Banking Corporation, the largest trust bank in Japan, is joining FXall, the leading portal for online foreign exchange trading. In total more than 50 banks are now integrated to FXall which has more than 700 customers signed for trading.
By joining FXall, Mitsubishi Trust will enable its asset management clients to automate the entire foreign exchange trading process. More than 50 asset managers currently trade through Mitsubishi Trust which expects to handle 70 per cent of their transactions electronically.
Today's news follows a sustained increase in institutional volumes at FXall. Institutional clients now account for 65 per cent of the total volume traded over the FXall platform, this compares to a figure of 45 per cent one year ago.