At first, there is the integration of geography and infrastructure. The domestic treasury unit and the FX trading rooms are combined and housed in the same location. The dealing/trading rooms that engage in the same trading activity are brought under the same policies, hierarchy, technological platform, and accounting system under horizontal integration. With a shared pool of money and contributions, all current and different trading and arbitrage activities are placed under one control through vertical integration. The combined effect of all unit trades on currency funds. The transactions are linked electronically.
|
Independent Forex Role |
Independent Investment
Role |
Integrated Role |
|
Merchant Dealing |
Funds Management |
ALM |
|
Corporate FX Trading |
Liquidity CRR/SLR Management |
SWAP
Management |
|
Proprietary Trading |
SLR / Non-SLR Investments |
Overseas Borrowing Investment |
|
Derivatives Dealing |
Securities Trading |
Arbitrage |
|
|
Equities Trading |
Derivatives Dealing |