The online platform features market rates in real time for all major currencies on demand for clients, and the rates are offered by deal type as well.
To better assist users, the interface presents a deals log to track trade history that is exportable to popular corporate software.
The importance of this development in foreign exchange trading is due to its easiness of use and richness of features.
Currency rates fluctuate in full view throughout trading hours, and eliminates the time and effort spent in interactions with traders that might be inefficient considering the fast pace of FX trading world.
Saleh Al-Motawa, SABB Treasurer, said that "SABB never ceases to explore strategies to enhance its unique offerings in the market. The SABB FX announcement is the latest example of how we continuously innovate to meet our client demands. Foreign currency trading could be a difficult process, and we made it as efficient and effective as possible."
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SABB launches foreign currency online platform
- Saudi Arabia: Monday, November 26 - 2012 at 11:23
- PRESS RELEASE
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SABB announced the launch of an innovative foreign currency portal for corporate clients to use in their foreign currency trading operations. The announcement comes in line with SABB's established name in the financial services market as a pioneer of treasury products and services.
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Posted by Nadeen El AjouMonday, November 26 - 2012 at 11:23 UAE local time (GMT+4)
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