Leading UK foreign exchange organisation launches World’s first online FX platform for businesses

  • New 4X Dealer™ technology provides organisations with a live, tick-by-tick view of current FX market rates via their desktop

Brighton, UK - Tuesday 31 October, 2006 - The world’s first online open access FX Platform has today been launched by 4X Currency, one of the UK’s leading foreign exchange organisations. The new platform has been designed especially with the business market in mind to enable companies to receive live, up-to-the-minute, market rates so that they select the most favourable rates available before making a transfer. 4X Dealer™ is aimed at companies that make regular overseas transfers and because all trading is done online it ensures that costs are kept to a minimum - significantly impacting the bottom line.

4X Currency is the UK’s first dedicated online FX organisation and is the only dealer to have strategically partnered with ABN Amro, one of the largest and most technologically advanced banks in the World, to offer customers one of the most efficient payment methods. The new software has a built in ‘tracker’ functionality which enables businesses to keep a record of all trade details and allows them to export the data into internal systems. The system can process 2,000 trades per second and transfers can be made to any world-wide bank, to produce business-critical transfers, quickly and efficiently.

"The development of 4X Dealer™ will have a significant impact on organisations that make regular FX transfers," commented Helen Scott, Director at 4X Currency. "The intelligent integration of 4X Dealer™ onto the desktop will enable businesses to make more accurate decisions faster, by streamlining dealing and payment processes and providing access to information that is difficult, if not impossible, to obtain from other FX companies."

The open-access FX platform is free to download and enables the user to instantly make business-critical currency transfers without the need for long, costly phone-calls to banks. The user simply downloads the free software and then logs in whenever they wish to view exchange rates or make a transaction. The new software now also has a same day payment system which gives users the added benefit of same day currency value – so even if the market rates change whilst your transaction is being processed you are guaranteed your original selected rate.

About 4X Currency:
4X Currency is the UK’s leading online provider of foreign currency exchange services. 4X Currency deals in large volumes at wholesale rates with major City institutions, meaning it can offer the best exchange rates available. It is the first company in the world to offer live online foreign exchange rates to individuals, taking in up to half a million real-time exchange rates a day from the London market.

4X Currency is the only currency company in the world to be endorsed by ABN, and is also registered with HM Revenue and Customs as an overseas money provider. They are also a full member of, and sit on the Board of, the UK Money Transmitters Association.

For more information visit www.4xcurrency.com

Note to Editors:
Click here to receive a free demo of the 4X Dealer live currency exchange platform.

For more information please contact:

Louise Sambells
Targetwire PressOffice
Tel: 01780 721433
Email: lsambells@targetwire.com

Helen Scott
Director
Tel: 01273 203311
Email: helen.scott@4Xcurrency.com



 

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