Money Market Solutions
Money Market Solutions
Choose the solution that best suits your business needs keeping in mind timing and volumes. Normally, Stop Loss and Limit Order are solutions only available for trading large volumes (>100k), however we offer them to all of our customers.
Type | Description | Why/When? |
| Spot | This is the most common transaction to buy and sell currency. The deal needs to be settled within 2 days of agreement and the foreign exchange funds can either be transferred or held in account for future use. | It is recommended when you want to take advantage of current market conditions either for using the funds to make payments or hold them on account. |
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| Forward | The exchange rate set today for a foreign currency transaction with payment or delivery at some future date. A small deposit is required on the agreement day. | It is recommended when you wish to lock in a favorable exchange rate for an anticipated future need. In this way you can avoid foreign currency exposures. |
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| Stop Loss | A stop loss is a price level set by the customer to protect against adverse price movement beyond this acceptable level. If this limit is reached the trade is closed at no worse than this tolerance. | It is recommended when you want to enjoy the benefit from market fluctuations but also want to limit unforeseen risks. |
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| Limit Order | A limit order is one that is executed at a better price than the prevailing market price. The order is placed when the customer wants to purchase currency at a specified exchange rate that is not currently available. The order is automatically executed if the limit set has been reached. | It is recommended when you do not have an immediate need of the currency but rather an ongoing or future currency requirement and want to secure a favourable exchange rate. |