Standard Chartered is Best Foreign Exchange Bank in Africa

Standard Chartered Bank emerged the Top Foreign Exchange Bank for Africa in Global Finance magazine’s annual awards.

Winners are nominated by Global Finance editors, industry analysts, corporate executives and technology experts based on such criteria as transaction volumes, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.

Standard Chartered’s win is attributed to its clear leadership in market share for FX in Africa – no other bank in Africa covers the top African markets (in terms of GDP) more comprehensively as Standard Chartered, which has FX sales and trading capabilities covering 12 countries in Africa, including Botswana, Cameroon, Cote D’Ivoire, Gambia, Ghana, Kenya, Nigeria, Sierra Leone, South Africa, Tanzania, Uganda and Zambia.

Standard Chartered also leverages technology to provide leading FX solutions. The Bank is the first to auto-quote African currencies 24 hours a day and the first to offer African currencies via executable streaming prices through its award-winning e-channel solutions.

The bank trades in all major and other exotic currencies – 30 African currencies and over 100 currencies globally – and has full capability around FX spot and forwards, FX options, interest rate swaps (IRS), cross currency swaps (CCS), commodity hedging solutions and structured products.

Source: Leadership