Stanchart opens its largest trading floor in Middle East

 

Standard Chartered bank has opened its largest trading floor in the Middle East at the Dubai International Financial Centre (DIFC), the global financial hub.

From correspondents in Emirates, United Arab Emirates, 29 Apr 2008 4:01 PM – (www.indiaenews.com)

Standard Chartered bank has opened its largest trading floor in the Middle East at the Dubai International Financial Centre (DIFC), the global financial hub.

Launched by the DIFC governor Omar Bin Sulaiman, the new trading floor hosts over 200 trading seats and will support the continued build-up of the bank’s global financial markets business, a DIFC statement said.

“Standard Chartered’s new trading room sets fresh benchmarks in the region for state-of-the-art facilities that help customers conduct trading activities,” Sulaiman said at the launch ceremony.

“Facilities such as this will help to generate even more growth in the region’s financial market.”

Standard Chartered is investing in expanding its financial markets capabilities, both in the UAE and within the group.

The bank has recently established a team of client relationship specialists based in Dubai and has also expanded its global corporates, corporate finance and commodity research teams.

Last week, the bank announced a new global head of fixed income trading, global head of structured products trading and a global head of modelling and analytics group, all based in Singapore.

Read more at: http://www.indiaenews.com/middle-east/20080429/114596.htm

 

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