UK/US – RBS Financial Markets, part of The Royal Bank of Scotland group, is to participate in State Street’s e-finance network, Global Link.
RBS will be the first bank in the network to offer futures trading and clearing over the network.
“ In joining Global Link, RBS, as a leading provider of foreign exchange, risk management and structured derivatives to the global fund management community, further expands the base of tier-one bank counter-parties participating in the network’s foreign exchange marketplace, FX Connect,” says Simon Wilson-Taylor, senior vice president and head of Global Link.
FX Connect is a real-time foreign exchange tool, which enables users to more effectively integrate forex trading into their portfolio execution process. Twenty-two banks have committed to participating as counter-parties in FX Connect to date.
Global Link is a system providing e-finance applications and services with a connection to different trading destinations.
Currently, 262 asset management companies use the network.