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.”
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.