Vendors
日本語

Millennium Global aims to cut FX costs for fund managers and treasurers

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
9 July 2021

Brad Bailey, an electronic trading and market structure specialist at financial advisory firm Celent, agrees that there are still substantial opportunities to cut FX costs for most small and mid-sized institutions, particularly those with sporadic foreign-exchange requirements.

“Responsibility for FX within smaller corporates tends to fall into the treasury department, which is often not set up with the proper technology, data and trading documentation,” he says. “Access to pricing, aggregation, FX platforms and multiple counterparties is tough for smaller corporates, as they often see FX as an operational process rather than trying to achieve best pricing.”

However, Bailey suggests the situation is improving as fintechs integrate more FX tools into cloud-based treasury systems and provide better tools for corporate trading and hedging, and as institutional technology providers increasingly consider the needs of corporates.

News article details

Industry
Capital Markets
Media Type
News Articles
Geographic Focus
Asia-Pacific, EMEA, LATAM, North America