FX Swaps market
The swaps market is where financial institutions exchange swaps. An FX swap is an agreement between two foreign parties to swap interest payments on a loan made in one currency for interest payments on a loan made in another currency.
A foreign currency swap can involve exchanging principal, as well. This would be exchanged back when the agreement ends. Usually, though, a swap involves notional principal that's just used to calculate interest and isn't actually exchanged.
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.