22nd June 2006
The Royal Bank of Scotland, Global Banking and Markets (RBS), announces that it is the first bank to trade Money Markets on the FXall platform.
FXall is the leading provider of trading, workflow and post-trade solutions for foreign exchange and treasury products. It went live with its new Money Markets platform on June 13, offering clients streamlined Money Markets trade processing from execution through to settlement and confirmation. The service offers a number of innovative features, including the ability to automatically roll over maturing deposits without opening a new trade ticket.
Commenting on the news Martin Spurr, Head of Integrated Treasury Solutions at RBS said: "RBS was the first to trade Foreign Exchange on FXall at its inception. We were also the first to do a QuickFill trade, to use Settlement Centre and now we are delighted to be the first to trade Money Markets via the platform. The addition of the Money Markets service to the FXall platform will provide a significant opportunity for us to consolidate and grow the valuable client relationships that we support across the whole suite of FXall's growing service base".