FX Capital Group, a UK-based foreign exchange and international payments business, has launched an online currency and payments platform, to meet the foreign exchange needs of clients in an easy and effective manner. The service is expected to change the method of delivering foreign exchange and international payments.
FX Capital claims that with its online platform, corporates, trust/fund administrators and equity brokers can access to automated and integrated facilities to buy and sell currency and make online payments. Initially, customers can access spot rates for 20 major currencies, with forward rates out to 12 months being added by the end of 2009.
According to FX Capital, other currency or introducing brokers can also take advantage of its platform via a white label implementation, allowing them to focus on client management and acquisition, while taking advantage of its platform for liquidity and settlements and back office.
Nigel Verdon, CEO and founder of FX Capital, said: “For our clients, the online platform is a perfect complement to our existing phone based service. Customers have a simple and secure environment to manage their currency risk and make payments, and still enjoy the benefit of our transparent pricing policy.”
