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-RBS unveils new Algo FX trading system.

Global Banking News-September 29, 2011--RBS unveils new Algo FX trading system(C)2011 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 29 September 2011

The Royal Bank of Scotland (RBS) (LSE: RBS) (NYSE: RBS-PP) has launched a new algorithmic trading system that will help clients hedge the risks associated with their foreign exchange options portfolios.

The algorithm, or computerised trading engine, will be used in the spot foreign exchange market, but will work to mitigate risk in options positions. Known as RBS Agile, it will help clients automatically manage options portfolios. The algorithm can monitor the gamma, or the rate of change, of an option's position, and can automatically buy or sell spot foreign exchange to ensure the position remains within boundaries set in advance, the bank said.

RBS options traders originally used the algorithm, RBS said.

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Publication:Global Banking News (GBN)
Date:Sep 29, 2011
Words:159
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