NBAD Partners with Celer for Electronic FX Trading Capabilities

The National Bank of Abu Dhabi (NBAD) has partnered with Celer Technologies to develop Global Markets E-Commerce applications, which offer a range of electronic trading capabilities for foreign exchange and other global markets products.
By Jake Safane(2147484770)
The National Bank of Abu Dhabi (NBAD) has partnered with Celer Technologies to develop Global Markets E-Commerce applications, which offer a range of electronic trading capabilities for foreign exchange and other global markets products.

The product range will enhance the Bank’s existing electronic platform NBADiTrade and allow international clients greater access to regional products, including FX, money market deposits, fixed income and research capabilities, at a time when electronic trading makes up nearly 60% of the $5.3 trillion per day foreign exchange spot market, according to NBAD.

“This is a vital step in the evolution of NBAD’s Global Markets E-commerce business as it will lead to a state-of-the-art platform that will enable our customers to access GCC and MENA products through multiple channels, including our own platform NBAD iTrade,” says Andrew Baxter, the Managing Director of Global Markets E-Commerce at NBAD.

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