Royal Bank Of Scotland Updates FX Electronic Orderbook

The Royal Bank of Scotland, Global Banking & Markets announced Thursday that it has expanded the Orderbook system the bank implemented at the beginning of 2006. The new features RBS has added to the system include perpetual orders, stop loss

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The Royal Bank of Scotland, Global Banking & Markets announced Thursday that it has expanded the Orderbook system the bank implemented at the beginning of 2006.

The new features RBS has added to the system include perpetual orders, stop loss managed orders, call orders and standing instructions for specific Orders.

“Order Management is a fundamental requirement by all market participants, in all segments,” says Stamos Fokianos, head of product management eCommerce for RBS. “The whole process should be done quickly and effectively, in an effort to optimize execution and protect against market adversity. The flexibility of choosing different ways of executing those Orders, especially in a Stop-Loss scenario, is realized using the most advanced technologies available to us. We continuously strive to service our clients better and deliver more choice to them in how they interact with RBS and the new added features are a direct response to that client feedback.”

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