We are very pleased to announce our Partnership with JUST, the provider of automated FX market analytics. This a unique and cost saving collaboration, designed to ensure clients of Sugarcane Capital have absolute visibility over the charges levied by their liquidity providers when making foreign exchange transactions, allowing for costs to be minimised. Typical clients of Sugarcane & Just are Small & Medium Sized Enterprises, Corporates, High-Net Worth Individuals, Family Offices and Wealth Managers.
Foreign exchange fees are typically marked up in an opaque manner by the sales desk of a bank or brokerage. Owing to the fast-moving underlying market, this makes it difficult for clients to understand exactly how much they are being charged on each trade, per currency or instrument. The technology developed by JUST delivers the highest level of transparency, empowering customers with an audit trail showing exactly what costs are incurred across providers when trading forwards, spot or swaps.
We care strongly about businesses and corporations being treated fairly by their banks. Many believe that the FX market is a transparent financial market, and this might be true if you are a bank or a hedge fund, but our data shows that some companies pay up to 25x more in margin than the sophisticated players. Corporate FX pricing appears to be completely arbitrary from dealer to dealer and tied to how informed the corporate treasurer or financial manager is about the market..
Through Sugarcane Capital’s partnership with Just, we offer UK companies access to an FX trade cost analysis solution, specifically built for businesses and delivered through your internet browser.
The solution helps companies:
- Reduce margins on bank quoted FX prices. Initial customers have achieved +50% cost efficiency gains (several hundred thousand in GBP in annual savings) without compromising their bank relationships;
- Improve FX control and execution efficiency, by better understanding pricing, exposure and movements across currency pairs and instruments.
We know that the most sophisticated clients get better FX pricing from their intermediaries. For those SMEs currently using banks for their brokerage needs and who are doing at least £30m worth of FX turnover each year, this collaboration ensures that you have access to the very highest quality trade tools which will in turn significantly reduce your transaction costs and put you on an even level playing field when managing your FX exposure.
Sugarcane Capital is a boutique FX Broker & Consultancy regulated by the FCA as A Small Payment Institution, that focuses on providing Market-Leading products & solutions to Corporate and Private clients within Capital Markets. Our core product offering includes FX Deliverable, FX Forwards, International Payments and Multi-Currency Accounts. In addition to a standard array of foreign currency products, Sugarcane Capital also offers a range of bespoke consulting services