Lloyds Bank Plans 1994 Rollout Of Auto-Dealer System For Customers
BANKS
Lloyds Bank in London will be launching a new corporate "auto-dealing" system for its customers in the next few months, say bank officials. The system, called Lloyds Link Trader, will rival similar systems at other banks.
According to foreign exchange manager Alan Ward, the system will initially be offered to Lloyds' small and medium-sized corporate clients, but it will eventually be available for use in "low-value" deals by all its clients.
"The idea behind this is not primarily to cut costs,"
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