Standard Chartered has won the “Best FX Services in the Middle East Award” from emeafinance, an accolade that reflects the bank’s increased turnover in GCC foreign exchange volumes and continued innovation in the market.
Standard Chartered operates what is said to be the largest trading floor in the area with more than 200 seats in its regional headquarters in the Dubai International Financial Centre.
Nafees Akbarali, regional head of fixed income, currencies and commodities and global head of G10 rates trading, Standard Chartered, said, “We have continued to support our clients by structuring tailor-made offerings across the various asset classes, and the trend of the bank increasing monthly average turnover and growing our market share has continued. With deep market understanding and client relationships, we are ideally positioned to help our clients seize the opportunities available in this market.”
Standard Chartered has been operating in the region for more than 90 years and is a key market maker and liquidity provider in the Middle East foreign exchange markets. The bank focuses on innovative FX solutions and has established many long-term partnerships with clients.