FX-as-a-Service (FXaaS) represents the evolution of currency management through automation, integration, and validation.
FXaaS allows client to benefit from MillTechFX’s market access, pricing power and operational resource to deliver a tech-enabled integrated solution that delivers transparency, cost reduction and operational burden reduction.
It is end-to-end at no additional cost, offering easy and quick onboarding, multi-bank best execution and hedging management, and connectivity into clients’ bank accounts, internal systems, administrators or custodians.
How does this help fund managers and corporates?
- Easy and quick onboarding – Rather than spending months (even years) setting up multiple FX facilities with different counterparties, firms can sign up to a multi-bank marketplace and transact within weeks with up to 15 Tier 1 counterparty banks.
- Best execution and hedging management–. Firms benefit from multi-bank access without having to manage multiple relationships and processes. Firms can transparently compare and execute FX rates from multiple providers on a single marketplace and ensure best execution with a simple click of a button.
- Cost savings: MillTechFX has saved clients up to 80% on their execution costs
- Transparency –MillTechFX offers a fixed fee service, including third-party Transaction Cost Analysis (TCA) to ensure total cost transparency.
What is MillTechFX?
We provide access to a transparent marketplace for comparative FX execution from up to 15+ counterparty banks, while harnessing a unique and significant pricing efficiency for our clients and reducing their operational burden. In addition, MillTechFX provides clients with full transparency of execution via independent TCA reporting.