In a media release dated April 5, PhillipCapital states the new initiative will allow investors to seamlessly convert from one currency to another, thus enabling them to take better advantage of competitive, real-time foreign currency exchange rates.
Phillip Securities, the brokerage arm of PhillipCapital, has launched a live currency conversion feature on its trading platform POEMS.
The feature allows investors access to real-time foreign currency exchange rates for seven currencies - the US dollar, the Singapore dollar, the Hong Kong dollar, the Chinese renminbi, the Australian dollar, the pound sterling, and the Canadian dollar.
