Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Trading

SAXO PAYMENTS GIVES CORPORATE TREASURY DEPARTMENTS DIRECT ACCESS TO REAL-TIME FX TRADING AND PAYMENTS
sp

Published : , on

Latest innovation from global transactions services provider set to cut out cost – and need for banks – in FX trading

www.saxopayments.com

saxoSaxo Payments, the global transactions services provider, is extending its footprint in the international trading sector with the addition of a real-time FX trading platform, accessible to members of the Banking Circle.

Saxo Payments Banking Circle Real-time FX enables Corporate Treasury Departments to trade foreign currency highly cost-effectively.  And by being part of the Saxo Payments Banking Circle, Corporate Treasury Departments can also manage international transactions using the cross border payments platform.  The combination of the two services not only delivers important business efficiencies for handling FX conversions, but provides important market advantage and revenue opportunities.

Capitalising on the award-winning intuitive Saxo Bank FX trading platform, and Oracle’s FLEXCUBE core banking platform, Real-time FX is fast and easy to navigate and can be accessed from any device – desktop, tablet or mobile. Orders can be placed directly in a company’s trade ticket from a mobile or tablet and push notifications and alerts mean Corporate Treasury teams can react to market movements instantly.  Trades have optimal accuracy and low slippage, and, in normal market conditions, prices marked in green in the Banking Circle Real-time FX platform reflect firm pricing with no re-quotes.

Taking FX conversions one step further, Treasurers can use the Banking Circle to open currency accounts and handle incoming and outgoing payments efficiently, enabling them to make savings on currency conversion costs.

For high value transactions where the lowest possible cost is vital they can use Real-time FX to get the best rate real-time, with the best margin and then handle the payment as a like-for-like payment, e.g. sending EUR from a EUR account.

For low value transactions, where the Treasurer doesn’t want to commit internal resource to trading and risk management, the FX rate is secured as part of the processing of the payment through the Banking Circle.  The outgoing payment is therefore instructed as an FX payment, e.g. sending EUR from a USD account.

“For businesses that need to buy foreign currency on a regular basis, the big challenge is buying at the best rate and keeping costs down,” explained Anders la Cour, Chief Executive Officer, Saxo Payments.  “As we are already providing businesses trading internationally with a cost-effective alternative to conventional bank transfers, it makes complete sense to make FX trading and payments an integral part of the platform, giving an even greater opportunity to enhance profits and cut costs.”

Saxo Payments Banking Circle Real-time FX offers:

  • A global IBAN account infrastructure, providing a single platform from which Corporate Treasury Departments can seamlessly trade forex and make international payments
  • Competitive FX rates across 160+ currency pairs covering more than 60 countries and 20+ currency accounts
  • Low payment transaction fees
  • Available in real-time 24/7
  • Low payment transaction fees & liquidity pricing
  • Compliant payment model with full transparency of the remitter business and the beneficiary

“Corporate Treasury departments can monitor their live exposure through Banking Circle Real-time FX”, continued Anders la Cour.  “And the sophisticated risk management tools provide an overview of trading potential by displaying margin utilisation, profits/losses and more – all in real time for the best possible control of costs for a business.

“This is another example of the innovation Saxo Payments is bringing to the international trading marketplace, reducing costs for businesses trading around the world.”

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post