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Kantox Launches Kantox In-House FX: Centralising FX Management for Global Businesses
Kantox, a global leader in Currency Management Automation software, has today announced the launch of Kantox In-House FX. The solution will allow companies to centralise the foreign exchange (FX) management and trade executions of their subsidiaries, maximising exposure netting for the group and enhancing liquidity.
Managing the FX of various business units poses significant challenges for finance teams, often leading to high trading costs, limited visibility, and a lack of consolidated FX management. In-House FX leverages Kantox’s award-winning Kantox Dynamic Hedging® technology to seamlessly integrate the FX operations of subsidiaries with the headquarters. Subsidiaries can benefit from 24/7 internal FX transactions, currency risk is managed seamlessly, and with only one trading entity, businesses can centralise and significantly improve bank liquidity terms.
“A Central Treasury can now be much more than a simple intermediary between its subsidiaries and the banks. Kantox In-House FX allows the headquarters to take control, optimise, and even enhance the FX capabilities for the entire group,” said Simon Chevoleau, Kantox’s Chief Product Officer.
“As we launch our In-House FX solution, we are proud to provide a seamless platform for companies to centralize their FX management in the most optimal and automated way. At Kantox, we are committed to empowering businesses to navigate the complexities of foreign exchange with efficiency and confidence, providing a competitive edge in today’s global marketplace,” explained Antonio Rami, co-founder and Chief Growth Officer at Kantox.
Hotelbed Group’s Corporate Finance Director, Ignacio Ramos, said, “The Kantox In-House FX solution allows us to centralise our FX management in the Hotelbeds Group. Kantox In-House FX provides internal liquidity to 22 subsidiaries, and we are able to net our exposure on a group level.”
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