Measuring transaction costs to save millions in FX
Overview
Evaluating your foreign exchange transaction costs and taking action to reduce excess spreads can save your firm millions of dollars over time. Here are some questions you should answer as you start the process:
- Do you know how much you are paying for Foreign Exchange trading at your company?
- Do you know how much each of your banking partners has made from your FX trading activity?
- If someone in your organization traded at a rate that isn’t a competitive market price… would you know?
AtlasFX TCA captures your executions and measures drift from market arrival, spread at execution and skew. Combined, these calculations create our Total Cost benchmark.
BankMinder allows you to choose this benchmark, along with batting average and bank speed to prioritize your bank panel selection. You weigh the benchmarks to your specifications on what would best suit your strategy for lowering FX costs for RFQ transactions.
