Sumitomo To Offer Internet FX Trading
NEWS
TOKYO--Sumitomo Bank is to offer spot internet FX trading for its corporate clients this summer.
The new system with trading in all major currency pairs will be open from 9am to 3pm local time. The system will later be expanded to full 24 hour trading and also be offered to individual customers.
Sumitomo says it is expecting $150-200 million daily turnover on the system.
Internet trading will be a major step forward for the bank’s medium sized customers which, under the current regime, must pass
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