- The platform provides clients with direct access to real time quotes for well in excess of 500 emerging and developed market currency pairs including many difficult to procure exotic currencies
- EMpowerFX serves as a one-stop entry point for real-time quotation, pricing and trade execution
Crown Agents Bank has launched a new online foreign exchange trading platform
– EMpowerFX – allowing clients to gain access to competitive prices on both emerging market and major traded currencies.
“Our OECD-based clients depend on our ability to offer a diverse range of hard-to-find and illiquid currencies, from the Belize dollar and Ethiopian birr, to the Nepalese rupee, XAF, XOF and the Zambian kwacha,” says Chris Wilgoss, Treasurer at Crown Agents Bank. “Our local commercial and central bank clients in emerging markets also rely on us for access to G10 currencies. With access to quotes on over 500 currency pairs, EMpowerFX allows our clients to meet their FX needs – and enhances our role as a trusted digital banking partner.”
In addition to its API capabilities, key features of the web-based service include real-time streaming access to competitive market pricing and immediate tailored request-for-quotation (RFQ) facilities. Insights on all trades and deals are available in historical trade blotters; histories can be both searched and exported to CSV format. Users are also able to personalise their screen layouts and customise their profiles, and can detach tiles detailing their preferred currency pairs from the main dashboard in order to monitor a specific currency or to compare particular currencies against others.
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Comprehensive live market news feeds are embedded into the platform’s layout, updating the user with global events that could affect market prices. EMpowerFX provides direct links to Crown Agents Bank’s Ecommerce Client Management for timely help and support when needed. EMpowerFX secures clients’ online accounts with built-in safety mechanisms such as automatic logouts. The platform works on all common web browsers.
“We are at home with working in diverse global markets and in particular with providing competitive and reliable delivery of illiquid currencies,” says Wilgoss. “Our history of operating across many of the smallest developing nations – especially in Africa and the Caribbean – dating back more than 100 years gives us a unique edge. We can provide the
crucial access other banks may struggle with. Thanks to the modern, user-friendly EMpowerFX, built with our clients’ specific needs in mind, we can continue to help them adapt to a challenging, ever-changing FX environment.”