FX ALGO trading system for clients launched

We’re now NatWest Group

Come and visit us for all our latest news, insights and everything NatWest Group.

FX ALGO trading system for clients launched

The Royal Bank of Scotland (RBS) plc is launching a spot foreign exchange trading algorithm to help clients automatically manage the gamma sensitivity associated with foreign exchange options portfolios.

28 September 2011

RBS Agile™ is an algorithmic trade engine that understands gamma and can be used in a variety of ways. At its simplest, it monitors the gamma of an option’s position and can automatically buy or sell spot foreign exchange to ensure the position remains within predetermined boundaries. In addition, it can also replicate volatility swaps with different fixings, allowing clients to trade hourly gamma against daily gamma, for example.

While RBS Agile™ is currently the only algorithm of its kind to be made available to clients, it was originally used as a time-saving device for RBS options traders, enabling them to better optimise their time and bring value added expertise to clients.

Commenting on the system, Tim Carrington, global Head of Foreign Exchange at RBS, said: "We are delighted to be at the vanguard of an initiative that will enhance the way clients trade by advising them when to trade. RBS Agile™ automatically interprets and analyses a portfolio position and executes a trade in the marketplace. With RBS Agile™, we are delivering the tools into the hand of the clients which will make trading volatility more accessible for them".

Posted In

Latest news

RBS to help 2.5 million people each year to be more financially capable

RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.

RBS to increase lending to sustainable energy sector following £1.1bn securitisation of loans to UK sustainable energy market

RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.

RBS launches £1 billion Female Entrepreneurship Funding and announces targets to help create at least 50k new businesses by 2023

RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.

We’re now NatWest Group

Come and visit us for all our latest news, insights and everything NatWest Group.

Set Tab for lightbox