Fifth Third Market Trade Makes Foreign Exchange Trades Easier, More Intuitive
July 17 2018 - 4:05PM
Business Wire
Fifth Third Bank’s Financial Risk Solutions group today
introduced Fifth Third Market Trade, an online platform for
executing and confirming foreign exchange trades.
“After conducting more than three months of market research and
one-on-one client conversations, we uncovered the need to bring a
system to market that makes it easier and quicker to execute
foreign currency exchanges,” said Bob Tull, managing director and
group head of Fifth Third Financial Risk Solutions. “It’s our job
to help solve our clients’ problems or address technology gaps by
developing digital tools that provide robust solutions. Fifth Third
Market Trade addresses a real need.”
Fifth Third Market Trade is accessible through Fifth Third
Direct and provides an easy-to-navigate electronic trade process.
The process begins with a client’s signing in to Fifth Third Direct
and initiating a currency transaction. From there, Fifth Third can
validate and execute the transaction electronically, typically
within seconds.
Key features of Fifth Third Market Trade include:
- Convenience. Quickly view
exchange rates, which are automatically populated. Easily export
data and get easy access to a transactions history for reference or
audit purposes.
- Visibility. Manage foreign
exchange trades from Fifth Third Direct, where clients can view and
manage all business finances. Clients also can search trade history
in real time.
- Security. Proactively manage
user access and permissions.
Clients using Fifth Third Market Trade will continue to have
access to a professional risk management representative as a
resource. The Financial Risk Solutions group serves a global client
base including banks and corporations.
For more information about Fifth Third Market Trade, visit
www.53.com/markettrade.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of March 31, 2018, the
Company had $142 billion in assets and operated 1,153 full-service
Banking Centers and 2,459 ATMs with Fifth Third branding in Ohio,
Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West
Virginia, Georgia and North Carolina. In total, Fifth Third
provides its customers with access to more than 54,000 fee-free
ATMs across the United States. Fifth Third operates four main
businesses: Commercial Banking, Branch Banking, Consumer Lending
and Wealth & Asset Management. Fifth Third is among the largest
money managers in the Midwest and, as of March 31, 2018, had $363
billion in assets under care, of which it managed $37 billion for
individuals, corporations and not-for-profit organizations through
its Trust and Registered Investment Advisory businesses. Investor
information and press releases can be viewed at www.53.com. Fifth
Third’s common stock is traded on the Nasdaq® Global Select Market
under the symbol “FITB.” Fifth Third Bank was established in 1858.
Deposit and Credit products are offered by Fifth Third Bank. Member
FDIC.
About Fifth Third Capital Markets
Fifth Third Capital Markets is the marketing name under which
Fifth Third Bank (“Fifth Third”) and Fifth Third Financial Risk
Solutions (“FTFRS”), a division of Fifth Third, provide financial
risk management products and services, including derivatives
products. Fifth Third Bank is a provisionally registered Swap
Dealer with the Commodity Futures Trading Commission (“the
CFTC”).
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version on businesswire.com: https://www.businesswire.com/news/home/20180717005945/en/
Fifth Third BankShandi Huber, APR,
513-534-8894Shandi.Huber@53.com
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