South Africa-based Standard Bank Group and Gain Capital Holdings, a provider of online trading services, have partnered to launch a collateralized foreign exchange trading service Standard FX Trader.
Standard Bank said that its offering is designed to provide forex traders in its countries of representation with a differentiating service from a trusted provider. It will provide 24-hour trading in 38 of the global major currencies as well as spot gold and silver, advanced trading tools, and access to daily and weekly research from a global team of economists and technical analysts.
Richard de Roos, director and head of foreign exchange for global markets at Standard Bank said: “We are delighted to be able to work with Gain Capital to extend our existing suite of electronic forex offerings by providing a new offering to our retail customers – greater access to trade forex, the most liquid and actively traded market in the world.”
Glenn Stevens, CEO at Gain Capital, said: “Together, we have brought to market what we feel is an exceptionally compelling offering, combining Gain’s proven trading technology and experience in retail FX with Standard Bank’s leading position and expertise in trading in global markets as well as their solid reputation serving clients in South Africa, the African continent and other key emerging markets.”