Nedcor Bank Launches First Fully Online Dealing System For Forex In South Africa

NEWS

JOHANNESBURG--The FX industry may be focusing on multi-bank interbank trading platforms, but there is still a role for proprietary models in the global market, says South Africa’s Nedcor Bank.

The bank launched its online system NedTreasury in June, which it claims is a response to demand from local corporates conducting smaller trades.

Nedcor’s international treasury manager in Johannesburg, Willem Reitsma, says the system is ideal for the bank’s target customers--South African commercial cli