Welcome to Business Outlook
Related Articles
Brac Bank organized a two-day interactive event on foreign exchange (FX) market and technical strategies, including a simulated FX bourse game in Cox’s Bazar on February 24-25.
The event was attended by FX dealers of the treasury divisions from 32 banks in the industry, reads a press release.
During the event, Md Shaheen Iqbal, deputy managing director and head of treasury and FIs of Brac Bank conducted a session on local and global market outlook, where he highlighted the challenges and opportunities in the local market and emphasized the importance of risk management in the wake of the global paradigm shift in interest rates and inflation.
On the second day, Akshay Chinchalkar, co-head of the Mumbai Chapter of the Chartered Market Technician (CMT) Association, conducted a session on FX technical strategies, where he illustrated various trading strategies suited to currency movements and their effective application.
The event concluded with a simulated FX bourse game, where participants used Brac Bank’s ‘Electra,’ the only FX trading platform by any domestic bank in the banking industry that provides streaming 2-way pricing for major currency pairs to partner banks. The best-performing banks were awarded at the end of the program.
At the concluding session, Md Shaheen Iqbal called for concerted efforts and partnerships amongst the banks to strive toward market development and match the efficiency of the global market.
(DT)
