ScotiaBank Unveils ScotiaRED
Posted by Colin Lambert. Last updated: September 27, 2021
ScotiaBank has unveiled a series of electronic trading tools aimed at delivering execution services to equities, fixed income and FX clients of the bank.
ScotiaRED – Responsive, Efficient, Dynamic – has been built, the bank says, using artificial intelligence and will provide its global equities clients access to its execution technology and in-depth market structure analysis, including new customisable trading algorithms, data-driven insights and access to the bank’s unique liquidity. In addition, it adds that fixed income clients will receive customisable trading solutions built upon quant models and automation, and FX clients a “full suite of tools for the entire trade lifecycle”.
“ScotiaRED is another example of Scotiabank’s commitment to provide our clients with innovative market-leading products,” says Jake Lawrence, group head and CEO, global banking and markets, Scotiabank. “This next generation of electronic trading tools enhances performance and provides a superior client experience across our Americas footprint.
“We have modernised our global FX offering and created a strong platform for our global FX business with a streamlined user experience,” he continues. “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.”