Standard Bank Of South Africa Plans Margin Trading Launch
BANKS
Standard Bank of South Africa is looking to expand its margin trading business out of London to increase its opportunities to develop client business outside its natural niche in the South African rand, say officials.
"Our expertise has always been in the rand business and we have maintained that ours is a niche role -- we do not plan to play a competitive role with major banks in London," says Patrick Chalmers, head of treasury business development for the bank in London. "But we think that
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