FX-as-a-Service (FXaaS)

FX-as-a-Service (FXaaS) represents the evolution of currency management through automation, integration, and validation.

FXaaS allows client to benefit from MillTech’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: MillTech has saved clients up to 80% on their execution costs
• Transparency –MillTech offers a fixed fee service, including third-party Transaction Cost Analysis (TCA) to ensure total cost transparency.