Mumbai:
About 40 banks are expected to trade on the new free forex
trading platform, FX-Clear, which is being offered by
Clearing Corporation of India Ltd (CCIL) from today.
While
some bankers think CCIL's platform will become the leading
terminal for forex trading in the near future, others
see it as just another option.
State
Bank of India, Bank of Baroda, Citibank, ABN Amro Bank,
ICICI Bank and HDFC Bank have already installed their
terminals with CCIL's new package.
The
remaining players may decide to join depending on the
experience of the first 40 or as and when the requisite
hardware is in place, says a CCIL official.
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