A user-friendly interface and the potential to mitigate market volatility risk make Arena, our new e-solution, a success with HiB.
Describing it as a “lifeline for his business”, Himesh Shah, Financial Director at HiB (Home Improvement Bureau) is highly impressed with Arena, Lloyds Bank’s recently launched online trading platform.
“If I summarised Arena in one word, it would be ‘protection’,” he says. “Protection in terms of being able to carry out transactions very quickly, to lock in rates, and to mitigate foreign exchange risks.”
HiB, a Hertfordshire-based manufacturer and distributor of high-quality bathroom products, prides itself on introducing stylish and inventive products to niche markets and is successfully developing an increasingly diverse customer base in the UK and overseas. Arena, as an innovative, customer-focused solution, resonates with the HiB ethos.
An enhanced e-solution, Arena provides a choice of fully customisable foreign exchange and money market deposit trading modules. Users can trade spot, forward, swaps and time options in over 50 major, minor and emerging market currencies.
Money market deposits trading, with a choice of some 19 currencies, various tenors and settlement options, offers flexibility and helps to maximise the return on cash reserves. A combination of real time streaming of rate movements and historical data also provides a clear picture of exchange rate volatility. And it’s easy to use: if you decide the time is right to act, you can trade with a single click.
Arena also provides access to market intelligence from Trevor Williams, Lloyds Bank’s Chief Economist, along with news and market data from respected third party sources. “As an FD, access to that calibre of insight is invaluable,” says Himesh. “The other highlights are the ability to chart currencies, the live feeds, the ease of use, and the customisation,” says Himesh. “The live feeds give it the edge over normal systems, but the individual user customisation brings it to a completely different level. “I can pick and choose exactly the information I want. It’s first class.”
To find out more about Arena visit www.lloydsbankarena.com
