StanChart rolls out online forex trading platform for corporates

Naser Ezaz Bijoy, head for global banking at Standard Chartered Bangladesh, and Mahfuzur Rahman, a director of TK Group of Industries, attend a deal signing ceremony yesterday. The group will use Standard Chartered's online foreign exchange trading platform—Straight2Bank Exchange—to carry out cross-border transactions. Photo: Standard Chartered

TK Group of Industries will use Standard Chartered's online foreign exchange trading platform to carry out cross-border transactions, as per a deal signed yesterday.

The agreement makes TK Group the first Bangladeshi company to adopt the platform known as Straight2Bank Exchange (S2BX). With this, the bank also opened up the online forex trading platform for corporate clients in Bangladesh.

S2BX offers exceptional speed of execution and broad currency coverage as well as transaction history and accessibility to the foreign exchange market, said the bank in a statement. 

It said S2BX has widely been adopted by authorised dealers in the local interbank foreign exchange market.

Naser Ezaz Bijoy, head of global banking of Standard Chartered Bangladesh, reiterated the bank's commitment to lead the way in providing modern digital solutions and thanked TK Group for partnering with the bank in the initiative.

Mahfuzur Rahman, a director of TK Group, appreciated the bank's continued efforts in bringing innovative solutions to its clients.

Alamgir Morshed, head of financial markets of Standard Chartered Bangla-desh, and Akhter Kamal, general manager of TK Group, were also present. 


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