The Shariah-compliant version of Standard Chartered Bank’s Online Treasury (OLT) proprietary foreign exchange trading and hedging platform has been re-launched under the bank’s global brand for Islamic products – Standard Chartered Saadiq. OLT is integrated into the bank’s Straight2Bank platform. The online FX service delivers automated prices from Standard Chartered Bank’s trading floors straight to any desktop. It leverages the bank’s comprehensive coverage of the global FX markets supporting spot, forward and swap pricing in over 100 currencies, 24 hours a day. Standard Chartered online services in Islamic FX utilise the Wa’ad structure to allow Islamic companies and institutions to hedge forward FX exposures under a Shariah-compliant structure.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.