In recent years, companies have become increasingly focused on managing their FX risks. That’s because they face challenges from seemingly all sides: increasing regulatory constraints, bank-driven reductions of available liquidity, and on top of it all, the cost of hedging against all the volatility these factors create. Global trading and treasury solutions provider 360T is broadening its reach with new products, services and partnerships. One area in which the company is partnering with multinational corporations is in automated trading, with the introduction of its execution management system (EMS).
According to data collected by The NeuGroup, an independent company dedicated to leading peer knowledge exchange for treasury and finance professionals, treasurers put FX/commodities risk as one of their top priorities for 2016. And a recent study from Chatham Financial substantiates this perspective by showing that companies can lose billions of dollars annually due to unhedged FX exposures.
So with FX top of mind, companies are seeking ways to hone their FX management strategies and generally bring a more comprehensive approach to foreign currency risk management. One way to get to that holistic approach is through automation, which then raises the question, “Which provider?”
The answer isn’t always easy, but one way to arrive at it is to find a company that is growing in use and innovation, is backed by plenty of resources, scalable to your firm’s needs, and seamlessly integrates into your systems. Meeting these criteria is 360T, a global firm with German roots that operates in over 75 countries worldwide. The company supports not only corporates, but also a host of different clients and segments that operate within the global FX market. “The market structure as we know it is evolving, and 360T is very committed to ensuring that we can provide the relevant services to our clients so they can ensure transparent execution and business continuity”, Alfred Schorno, Global Head of Sales, 360T Group, says.