Standard Chartered Plans Automated Trading System For Corporate Clients

DEALING & NETTING

Standard Chartered Bank is currently developing an automated trading service on Tibco's TIBMercury platform to support its corporate foreign exchange business in the Asia-Pacific region, according to sources close to the bank.

StanChart long ago established its presence in the emerging markets, and sources at the bank say that most of its corporate FX customers are now located in the Asia-Pacific region. The bank's appointment in September of Michael Rees, its regional Asia-Pacific treasurer,