23 September 2017
visit www.avoka.com

RBS inks online FX agreement with Easy-Forex

03 November 2005  |  2459 views  |  0 Source: Royal Bank of Scotland

The Royal Bank of Scotland (RBS), Financial Markets and Easy-Forex Ltd. have just announced a liquidity and technology agreement in the area of online foreign exchange and derivatives trading.

RBS is providing liquidity and acting as a prime broker for Easy-Forex, while the services provided by RBS's technology platform have been integrated onto the Easy-Forex Trading platform. This allows Easy-Forex Ltd. to minimise costs and maximise processing efficiency costs for the benefit of its traders and investors.

The world coverage of Easy-Forex Trading platform, as well as its innovative, secure and user-friendly technology, has made it a world leader in the forex industry. Its clientele includes medium-sized financial institutions and organisations as well as private individuals.

Unlike all other online trading platforms, Easy-Forex eliminates the need to download proprietary software, fill out tedious forms, open a bank account or deposit money in advance. It is the only trading platform that enables users to start deals immediately.

The agreement is therefore a good fit for RBS as the bank is a well-known world leader in foreign exchange liquidity provision. In the UK mid-market RBS serves the full spectrum of corporate and commercial customers and is the UK's No.1 corporate relationship bank, with 33% market share.

Streamline, a service provided by a member of The Royal Bank of Scotland Group, covers the credit card transactions made by Easy-Forex's customers in various currencies. Streamline is the leading provider of merchant accounts in Europe. It gives businesses the ability to accept credit and debit card payments face to face, by 'phone or online.

Commenting on the partnership Tom Roche, Global Head of Financial Markets, eCommerce said: "RBS, Financial Markets is pleased to have entered into an agreement with Easy-Forex Ltd. As it is a leading provider of foreign exchange and derivatives trading, we see a strong synergy with our eCommerce strategy."

O.Y. Komem, CEO, the Easy-Forex Ltd. group, said: "The agreement provides further operational capabilities and outreach for us as well as ensuring stability in all operational functions. The new co-operation supports Easy-Forex Ltd. in maintaining its leadership position in the global market."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.comdownload the paper nowvisit www.sibos.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12949 views comments | 27 tweets | 42 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
8749 views comments | 13 tweets | 27 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8404 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
7919 views comments | 16 tweets | 1 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
7721 views comments | 31 tweets | 45 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job