A unique FX trading and international transaction solution
Banking Circle Real-time FX gives businesses a banking platform that enables them to trade foreign exchange more efficiently as well as make international payments on behalf of their clients. It gives them a real competitive advantage over the mainstream banks enabling them to build new revenue streams and add value by providing international payments as an ‘add-on’ service for their customers.
Banking Circle Real-time FX offers:
- A global IBAN account infrastructure offering you a platform from which you can trade forex and make international payments
- Competitive FX rates across 160+ currency pairs covering more than 60 countries and 25+ currency accounts
- Low payment transaction fees
- Available in real-time 24/7
Real-time FX is an intuitive trading platform that is fast and easy to navigate and can be accessed from any device – desktop, tablet or mobile. Orders can be placed directly in your trade ticket from a mobile or tablet and push notifications and alerts mean you can react to market movements instantly.
With Real-time FX your trades have optimal accuracy and low slippage. In normal market conditions, prices marked in green in the Real-time FX platform reflect firm pricing with no re-quotes.
Monitor your live exposure through Real- time FX with sophisticated risk management tools that provide an overview of trading potential by displaying margin utilisation, profits/losses and more – all in real-time.
Enhancing the proposition
- Compete directly with the banks – offer cross border payments and FX conversion to your clients
- Compliant payment model with full transparency of remitter (the client) & beneficiary
- Ease of use – the integrated trading platform enables trade at the broker’s convenience with direct settlement into the client accounts
- Ease of reconciliation – physically separate IBANs mean reconciliation is taken care of with the beneficiary also seeing the client’s name when receiving funds
- Improved margins – low payment transaction fees & liquidity pricing mean a broker’s cost base can be reduced significantly
- Added value – providing the opportunity to create an additional revenue stream by extending your value chain
With Banking Circle Real-time FX, Banking Circle provides you and your clients with significant costs savings.
Held Rates/Multi-Currency Pricing
Banking Circle Held Rates solution, delivered via the API, allows Banking Circle members to hold a rate in the market for 1 to 24 hours. Used to provide downstream pricing to members’ merchants and their consumers, it helps manage risk and turn FX into an additional revenue stream.
Held Rate benefits:
- Provide an executable fixed rate for 1 or 24 hour intervals
- Available in all pairs of our 24 currencies
- Capture missed revenues due to product pricing in foreign currencies
- Enable buyers to purchase in home currency and sellers to receive funds in their home currency
- Easy API integration
- Added value through an additional revenue stream