Yes Bank inks deal with RTFX for online forex trading

Mumbai, June 15 (UNI) Yes Bank today tied-up with Reuters to provide electronic trading in forex to corporates and individuals through Reuters Trading for Foreign Exchange (RTFX) service.

''The bank has ensured the necessery yardsticks of saftey and security while bringing in such a new platform for investors for online trading. Small corporates and individual investors will benefit from the online forex trading facility in any currency pair through our website,'' said YES bank president Ajay Mahajan to reporters here.

The bank had bagged the second position among the new private sector banks in a recent survey, while came top in growth rate.

As per the pact, corporates subscribing to RTFX service will get the support of Yes Bank as a market maker.

Yes Bank also plans to widen its customer base through the new tie-up to take advantage of an unprecedented demand among investors for electronic forex trading.

UNI