Ana Săbiescu
The Royal Bank of Scotland (RBS) - Romania earlier this month introduced an electronic trading platform enabling customers to trade on the foreign exchange market and the monetary market in real time. "By introducing the Limit Order Management System - LOMS, we once again prove our commitment to developing electronic channels to simplify transactions," said Martin Bakelaar, Head of Global Markets, RBS Romania.
The LOMS is the money market module of the DealStation, which enables customers to place sell or buy orders for the desired level of the exchange rate. If/when the desired level of the exchange rate is reached, the transaction is performed automatically, without any human intervention.
Such order can be activated immediately upon placement or at a later time within the same business day. Any order is valid from the activation time until the end of the trading day, which is 16:30 hrs, Romania time.
Tradus de Andrei Năstase