STANDARD CHARTERED LINKS VIA FIX TO TEX MULTI-DEALER FX PORTAL

Posted March 5, 2008

LONDON – Standard Chartered Bank is adding foreign exchange (FX) trading to its application programming interface (API), providing FIX connectivity (Financial Information eXchange) with introductory access to the TEX multi-dealer trading portal operated by 360T Trading Networks, a recent addition to Standard Chartered’s trading platforms.

“The positioning of Standard Chartered throughout the emerging markets is particularly attractive to our clients and this profile further enhances the broad coverage of asset classes and currencies supported on the platform,” says Mathew Kuppe, Managing Director 360T Asia Pacific Pte. Ltd.

The addition of FIX allows clients to connect electronically to Standard Chartered’s Straight2Bank Stream and managed electronic over-the-counter trading through this interface. The introduction of FIX connectivity allows access to multiple sources of liquidity through a single network connection, the ability to receive and deal on FX rates and send confirmations directly to back-office systems, and to quickly and securely access FX solutions with lower trading costs and less market risk.

“As an acknowledged leader in Asian, African and Middle Eastern markets and currencies, we continue to ensure that our electronic capabilities represent the best in technology, efficiency and security,” says Tom Roche, Global Head of eCommerce and Retail Products Group, Global Markets, Standard Chartered Bank. “The introduction of FIX and 360T are testaments to our continued commitment to enhance our eCommerce capabilities and to becoming the leading electronic provider of emerging market currencies.”