Scotiabank emerges as FX trading provider with ScotiaRED

4 weeks ago 27

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Scotiabank has launched a series of electronic trading tools to deliver high-quality execution to Equities, Fixed Income, and FX clients, including AI-powered analytics.

ScotiaRED, the trading tools package, provides global Equities clients access to the firm’s execution technology and in-depth market structure analysis, including new customizable trading algorithms, data-driven insights, and access to the Bank’s liquidity.

Jake Lawrence, Group Head and CEO, Global Banking and Markets, Scotiabank, commented: “ScotiaRED is another example of Scotiabank’s commitment to provide our clients with innovative market-leading products. This next generation of electronic trading tools enhances performance and provides a superior client experience across our Americas footprint.”

“We have modernized our global FX offering and created a strong platform for our global FX business with a streamlined user experience. Combined with expert local knowledge and on-shore liquidity, this new suite of electronic trading tools enables us to deliver real-time trading at competitive prices for our Americas clients”, Mr. Lawrence added.

ScotiaRED is part of Scotiabank’s ongoing investment to establish the Bank not only as a leading bank in the Americas but an emerging world-class electronic trading provider.

With a team of over 90,000 employees and assets of approximately $1.2 trillion (as at July 31, 2021), Scotiabank trades on the Toronto Stock Exchange and New York Stock Exchange.

For equities trading, Scotiabank is uniquely positioned in the Americas and provides a seamless, single-ticket experience across the US, Canada, and Latin America. In the US, the ScotiaRED next-gen algorithms offer institutional clients the ability to interact directly with the broad liquidity of the Bank.

In Canada, ScotiaRED provides market participants with reliable and easy-to-use solutions with a distinct and customizable edge. In Latin America, the bank leverages our on-the-ground presence for access to liquidity and expert knowledge of local market structure, to provide a truly differentiated approach.

Commercial, Corporate and Institutional clients have access to real-time foreign exchange, no matter the time of day. ScotiaRED’s functionality and streamlined user experience offer new turbo-charged tools to quote, book, and settle foreign exchange transactions.

The service also provides fixed income capabilities as ScotiaRED enhances workflow, communication, and pricing – with data-driven insights and ideas from Scotiabank’s team.

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