NH NongHyup Bank Launches Non-Face-to-Face Foreign Exchange Trading Platform

A Non-Face-to-Face Foreign Exchange Trading Platform
Enhancing Customer Convenience and Employee Efficiency

NH NongHyup Bank announced on August 5 that it has launched 'FX allone,' a non-face-to-face foreign exchange trading platform, to enhance the convenience and benefits for its foreign exchange customers.

This platform significantly strengthens features such as products and services compared to NongHyup Bank's existing 'Internet FX Dealing HTS.' By utilizing multiple brokers, it offers customers competitive quotes and supports trading in foreign exchange derivatives such as forward contracts and FX swaps, in addition to currency exchange and spot transactions. It is now possible to provide customized foreign exchange services by linking with corporate customers' APIs. The available order time for certain products has been extended until 2 a.m., and the customer experience has been improved, including user interface (UI) and user experience (UX).

Along with enhanced customer convenience, the workload for employees has also been reduced. An 'auto-hedge' function has been introduced to automatically cover the bank's positions generated from transactions with customers, and a communication channel for foreign exchange-related matters among employees is also provided within the platform.

A NongHyup Bank representative stated, "With the launch of FX allone, we have strengthened risk management and established a stable foundation for our foreign currency business," adding, "We will continue to innovate customer-centered foreign exchange trading services in line with the advancement measures for the foreign exchange market."