Standard Chartered has extended its online coverage of Gulf Cooperation Council (GCC) currencies to 24 hours daily from Monday to Friday, reported AME Info. The extension applies to Dhs, SR, KD, BD, QR and OR currencies on Standard Chartered’s proprietary request for quote foreign exchange service, On-line Treasury (OLT3), and FX all platforms.
All extended-coverage GCC currencies are available in spot, forward and swaps up to a maximum tenor of one year. Weekend coverage on Saturday and Sunday is also provided for GCC currencies Dhs, SR, KD, BD, QR and OR during Middle East trading hours on Standard Chartered’s OLT3. In addition, GCC currencies JD, MAD and TND will be quoted on a spot basis between 08:00 and 18:00 UAE time (04:00 to 14:00 GMT).
Besides OLT3 and FXall, Standard Chartered is also quoting GCC currencies on Reuters RTFX, Bloomberg FX, GFM Online and 360T in spot, forward and swaps up to a maximum tenor of one year, available between 08:00 and 18:00 UAE time from Monday to Friday.
Lee Boon Huat, regional head of global markets, Middle East and North Africa, said: “The extension of online coverage for GCC currencies demonstrates Standard Chartered’s commitment to serving our clients better. We are continually improving our service capabilities and expanding our product suite to come up with client-centric solutions to meet their changing needs. Going forward, clients will benefit by having up-to-date information at their fingertips 24 hours daily, enabling them to make informed decisions in FX trading.”
