Agency Elite FX Execution Solution

Problems facing corporate FX Departments

Administrative overhead of FX trading/Workflow

Early morning/ Time sensitive
Administrative duty with potential for error
Potential for high cost if not done correctly

Poor/opaque pricing causing potentially big dollar costs to client

Price differently based on number of parties in RFQ, one sided vs. two sided
Client deal side is known to banks providing pricing even if two-sided price

Poor utilization of approved counterparty banks

Poor pricing from some tier 2 providers leads to lop sided amounts with certain banks
Complaints from banks about utilization for FX trades in relationship reviews

Find your solution here

Workflow

Tired of playing RFQ games? Let’s face it, logging into your trading platform at the proper time and executing trades can demanding. Clicking on the wrong price? Waiting for bids to come back? How about you load your orders up the night before and you come in the next morning to set of executed trades awaiting confirmation and settlement.

Pricing

Did you know that corporate FX customers pay orders of magnitude more than asset managers for FX trades?
Any idea *why* this is?
The traditional RFQ trading process is not designed with the client in mind.

There is a very real cost related to *information leakage* to the market when a client comes to the market and identifies themselves prior to trading.

Trading platforms are paid for by the banks. Did you know that they share certain types of information with the banks you might not know about (e.g. how many others are competing for the order?)

Do all of your team members know and adhere to best trading practices?

Liquidity hours
Size of trades
How many banks to include in the RFQ One sided v. two-sided pricing

Credit Utilization

By using a ‘give up’ model, clients can finally separate execution from credit counterparty. You can allocate FX trades (and credit counterparty compensation) in a deliberate and thoughtful manner, and you will no longer will be limited to your tier 1 revolver banks for FX pricing.

What is a give up and why does it improve your credit utilization?

Tier 2 banks don’t generally “carry” risk on their books for many types of trades. Rather they get pricing from brokers or tier 1 banks then add a mark up for client.

About the Companies

AtlasFX

Atlas Risk Advisory, the leader in FX risk management delivers an industry leading SaaS platform that identifies and mitigates all sources of FX risk. AtlasFX is used by treasury departments to optimize their balance sheet and cash flow hedging programs, including in-depth results analytics. Unlike other treasury solutions, AtlasFX provides: total end-to-end FX risk management workflow, a flexible solution, built by corporate practitioners, and outstanding customer service.

FX HedgePool

FX HedgePool is a multi-award winning matching platform for the mid-market execution of FX swaps that is transforming the market through its breakthrough unbundling of liquidity from credit. This is unlocking vast potential for passive hedgers to provide liquidity to each other, while leveraging existing counterparty relationships for credit provision. Passive hedgers can now access a new source of safe and dependable liquidity, eliminating unnecessary friction for both the buy-side and the sell-side. Founded in 2019, FX HedgePool is on a mission to modernize institutional FX through bold innovation and leading-edge technology for the betterment of all.