As the old adage goes: in calm water, every ship has a good captain. The currency markets may have been going through a period of relatively low volatility in recent times, but with interest rate rises on the horizon, CFOs at corporates must not get lured into a false sense…

The foreign exchange (FX) market is the largest and most liquid in the world — daily turnover reached $6.6 trillion in 2019. Trading currencies means dealing with prices that are constantly moving up and down, often almost instantaneously in response to news from the financial markets, with the exchange rate…

One of the most prominent trends in the foreign exchange (FX) market, expedited by the Covid-19 pandemic, has been the notable increase in organisations seeking to embrace digitisation as a way to streamline operational processes. The latest Citi Treasury Diagnostics Report found that 57% of treasurers are looking at transformative…

London and Paris, 30th March 2022 — MillTechFX, the FinTech affiliate of Millennium Global Investments, has expanded into Europe following the success of its multi-bank foreign exchange (FX) marketplace in the UK and North America. Over the past year, the FX marketplace has been accumulating client business from asset managers…

London, March 2022 — MillTechFX, the FinTech affiliate of Millennium Global Investments, has appointed Stuart Gulliver, former HSBC Holdings Plc Chief Executive Officer, to its International Advisory Board. Stuart joins existing International Advisory Board members Sir Ronald Cohen, Vikram Gandhi and Chairman Alan Eisner. MillTechFX will be able to draw…

Despite businesses regularly transacting in FX, many have poor visibility on what the costs of these transactions are and suffer from hidden charges. These include costs hidden in the spread, better pricing for larger participants and an inability to compare the market, as covered in our ‘What are the hidden…

In our opinion, access to competitive pricing and operational efficiency will always be critical factors for private equity firms when it comes to trading currencies. But for many firms, one particular concern has risen to the forefront: a lack of transparency. Consider this scenario. A private equity firm wants to…

Best execution is one of the most commonly used terms in foreign exchange (FX) and across other financial markets. If your firm has an FX exposure, there is a high probability that you have come across ‘ best execution’. Despite all the controversy and regulatory intervention relating to FX best…

The opaque nature of foreign exchange (FX) execution places great responsibility on asset managers and corporates to put the processes, practices and systems in place to ensure the best result possible, yet they may often be plagued by hidden costs. Today, many firms may not have access to rates from…