Private sector lender, IndusInd Bank today launched a trading platform for foreign exchange- FastForex for its corporate customers. The platform will enable them to reach the FX Treasury via internet and a standard web browser and manage forex transactions.
“The possibilities of errors in entering details at multiple places reduce considerably, since the deals now flow in directly from FastForex to the front office system,” said the bank in a statement.
The platform provides traders and customers with real time trading, auto trader with automatic pricing, trading and logging, support for FX spot, forwards and swaps and ability to chat with a trader during the deal negotiation.
The shares of IndusInd Bank were trading at Rs 254.25, up by 1.05% on the Bombay Stock Exchange at 13:40 hrs today.