PACE FX, the electronic FX trading platform from Absa Capital, was last night recognised as the best e-FX platform for corporates at the FX Week e-FX Awards in New York.
Absa Capital is the corporate and investment banking division of Absa Bank Limited and is affiliated to Barclays. PACE FX is based on the multi-award winning BARX FX trading platform from Barclays
The award was established this year to reward the platform that best understands the unique needs of corporate clients, and answers those needs with innovation.
“In a competitive and ever-changing FX marketplace, it is essential for banks to innovate in their electronic foreign exchange offering, to ensure they meet their clients unique and evolving needs,” said Stephen van Coller, Chief Executive of Absa Capital
“We are thrilled that Absa Capital’s PACE FX platform has received this award and we look forward to continually offering our clients market-leading services,” added van Coller.
Absa Capital announced in April that trade in Chinese Renminbi (CNH) had been introduced to PACE FX.
The CNH provides more options for hedging and risk management and allows participants to trade the Renminbi as they would any other deliverable currency on PACE FX.
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About Absa Capital
Absa Capital, a division of Absa Bank Limited (Absa) and affiliated to Barclays, is a leading South African corporate and investment bank with global reach, offering clients financing, risk management and advisory solutions in a wide range of currencies and structures across the globe.
About PACE FX
PACE FX is Absa Capital’s electronic FX trading platform, based on Barclays advanced BARX FX trading system. PACE FX delivers fast and secure foreign exchange services to corporate and institutional clients.
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