Interbank Markets

Bank Muscat is the leading Bank in Oman in respect of FX. It is a market maker in major currency pairs such as EUR, GBP, JPY and AUD etc and also active in gulf currencies. Salient Features of trading with Bank Muscat are:

• FX Prices – Available in all major categories:

  a) Spot
  b) Forward
  c) Swaps

• Speed – Any calls for prices are responded very promptly. The price quotes (depending upon sizes) are provided instantly.
• Size – Bank Muscat prides itself on catering to even the smallest client. Hence, best prices for even smallest sizes and odd lots would be provided promptly.
• Order Management – For clients targeting specific levels instead of immediate execution, the Interbank desk could watch the levels for the client as specific orders. The orders could be executed as market orders or on best effort basis. Similarly, stop loss or take profit orders could also be managed for clients.
• Accessibility – The services of the Interbank desk would be available between 0700hrs to 1900hrs Muscat time from Monday to Friday. However, as mentioned above orders can be managed on a 24hrs basis.
• Settlement – Bank Muscat is very particular about prompt and timely settlement of all deals. In the unlikely and rare event of any delay in settlement, the officials concerned are accessible at all times for timely redressal.
• Pricing - Bank Muscat welcomes all clients equally irrespective of their volumes or trade sizes. While big lots would definitely get the finest prices, abundant care is also taken to ensure the best prices for the small customers as well. Even the smallest lots are not turned back and the best possible price is provided instantly.
• Research - Bank Muscat believes in providing a bouquet of services to its clients. Hence, any FX client, in addition to the best prevailing prices, would also be provided trade ideas, markets flow information, order book trends and any other economic information of interest to the clients. The Interbank desk is fully updated at all times with critical inputs received from the proprietary trading desk on fundamental as well as technical factors.
• Contact

  Reuters Code – BOMO
  Phone: +968 – 2476 8225 / 2476 8228