Capability

Competitive Exchange Solutions

Institutional FX execution at transparent, benchmarked margins.

What this covers

The work, in substance

Most clients are quietly paying retail margins on institutional-sized flows. We change the relationship — sourcing pricing through institutional desks where the margin is benchmarked, disclosed, and auditable.

The savings compound on every conversion.

Deliverables

What you receive

01Pre-trade quote benchmarked to interbank reference
02Execution through institutional FX desks
03Confirmed margin disclosed on every ticket
04Monthly execution report against benchmark
Approach

How we deliver

  1. Step 01
    Benchmark

    Establish current cost against interbank reference rates over real flow data.

  2. Step 02
    Source

    Run competitive quotes across institutional desks for each meaningful conversion.

  3. Step 03
    Report

    Deliver monthly reporting that evidences execution against the benchmark.

Considerations

Risks we address

The non-obvious factors we explicitly plan for so they don't surface as surprises later.

Hidden margin

Retail bank margins often hide in mid-rate; we make them explicit.

Settlement risk

Counterparty selection and netting reduce settlement exposure.

Operational integration

Execution integrates with your existing payment and ERP workflow.

Volume thresholds

Pricing improves materially above clear volume bands; planned for.

In Practice

An anonymised example

Scenario

A private client converting GBP/USD several times a year for property purchases discovered they had paid 1.4% over interbank for years. We onboarded them to institutional execution at sub-15bp margins and built a benchmark report.

Results
  • Average execution margin reduced to under 15bp
  • Estimated annual saving exceeded prior advisory fee fivefold
  • Documented benchmark report delivered each conversion

Details altered to protect client identity

FAQ

Common questions

On meaningful tickets, 50–150 basis points is typical. The exact figure depends on pair, size, and frequency, but most clients see savings on a single ticket exceed annual advisory fees.
More within Currency Exchange

Other capabilities

Discuss competitive exchange solutions with a senior PCF advisor.

Book a Consultation