The novel offering volition permit concern clients to execute FX spot, swap trades too FX forwards transactions on fourteen currency pairs, “They tin execute spot, forrad too swap trades, inwards existent time, or motion into boundary orders,” says BCGE. ForXchange clients volition likewise travel able to merchandise precious metals: gold, silver, platinum too palladium.
The liberate states:
“It provides access to currency too precious metals markets, offering clients the best price, complimentary of accuse via BCGE Netbanking.”BCGE explains that the service is geared towards large businesses amongst unusual subsidiaries, where currency conversions are needed to facilitate operations. BCGE currently offers diverse banking services to over 18,000 companies too businesses. Unlike traditional FX brokers that function alone 5 days a week, the ForXchange service volition likewise permit trades to stimulate got house several hours afterwards the retail FX markets closed on Friday:
“Operating hours are extensive: vi days out of seven, equally before long equally a currency marketplace is open, from Lord's Day eve at eleven pm to Fri nighttime at midnight.”BCGE partnered Geneva-based fiscal information technology theater Olfa Soft Company too their subsidiary, Olfa Trade, to prepare the ForXchange service.