(November 27 – 10:10 ET) – Scotia Capital has joined an alliance of leading global foreign exchange dealers, FXall, to provide its clients with a low-cost, online foreign exchange trading platform.

Scotia says the new service allows everything from online trade execution to access to FX research reports and the forecasts of participating firms. With FXall, many of the trading activities that were previously done over the telephone will be conducted electronically.

The trading process will be automated so that clients have a single point of access to all participating dealers with whom they have a business relationship. FXall will also offer clients online order entry, routing and monitoring, and straight-through processing on a technology platform that is both cost-effective and secure.

“By joining FXall, we are ensuring that our clients, who are increasingly using e-commerce, have convenient 24-hour access to the single largest source of online currency trading and research in the world.” said Barry Wainstein, managing director & global head, Foreign Exchange and Money Markets, Scotia Capital. “Our participation in FXall will complement Scotia Capital’s proprietary web-based trading service, ScotiaFX.com, and allow our clients greater choice of delivery options.”

“We are delighted to welcome Scotia Capital to FXall,” said Paul Kimball, chairman of FXall. “Scotia Capital’s participation in this alliance will enable us to further expand and enhance FXall as we develop an online service for the global FX market that will be launched early next year.”