Standard Bank scoops inaugural rand award

The years since the financial crisis have seen a change of focus at South Africa's Standard Bank as it moves away from proprietary trading and concentrates instead on market-making in its home currency. The bank sees the receipt of this year's inaugural award for excellence in the South African rand as a validation of its approach.

Standard Bank's ambition is to be dominant in the rand across multiple pools of liquidity, says Richard de Roos, head of foreign exchange in Johannesburg. It accesses