National Bank of Fujairah (NBF) the co-operative bank has announced that it has launched its electronic trading platform – NBFX. Widening its digital offerings, the trading platform offers customers a bespoke digital experience to hedge their treasury requirements and is available for both conventional and Shariah-compliant banking customers.
The Chief Executive Officer of NBF, Vince Cook said:
“The launch of NBFX further highlights the bank’s commitment to being the best financial partner for customers; this is achieved by combining the latest technology with its in-depth market experience. This unique platform ensures that customers are able to customise it according to their preferences, have access to the most competitive price execution, and tap into valuable data and insights to help guide their decisions.
“In addition, they have the backing of a team of experts across treasury, trading and structuring to help them navigate market changes and hedge underlying risks. Looking ahead, we have plans to expand the scope of NBFX to cater to customers’ wider requirements across energy, base metals and soft commodities.”
NBFX is designed for existing and prospective customers enabling them to benefit from a simplified and streamlined deal booking process, reducing the need for manual intervention whilst opening up real time competitive FX and Precious Metal prices. By leveraging best practices and multi-factor authentication for customer logins, NBFX provides a safe and secure platform for customers to execute transactions.
Developed in response to customers’ needs, this new platform is in line with the bank’s overall strategy of helping its customers leverage new opportunities made possible by evolving financial technology.
