Standard Bank Group, the largest South African banking group, and GAIN Capital Holdings, a provider of online trading services, have partnered to launch a collateralised foreign exchange (FX) trading service, Standard FX Trader. Based on GAIN’s retail trading technology, Standard FX Trader marks the first time a broad based retail FX offering will be made available by a South African bank.
Glenn Stevens, chief executive officer (CEO) at GAIN Capital, said: “We are especially pleased to announce our partnership with Standard Bank, which represents GAIN’s first white label partnership with a major financial institution in the region. Together, we have brought to market what we feel is an exceptionally compelling offering, combining GAIN’s proven trading technology and experience in retail FX with Standard Bank’s leading position and expertise in trading in global markets as well as their solid reputation serving clients in South Africa, the African continent and other key emerging markets.”
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