Independent low-cost 24-hour agency trading that can result in significant savings for investors.
Fiduciary foreign exchange (FidFX) is an enhancement of the agency approach for trading foreign exchange to settle international trades, to convert foreign income such as dividends, and to hedge currency risk. Mesirow Currency designs a custom high or low-touch trading program, manages regulatory reporting and trade settlements, and provides independent third-party transaction analysis for visibility and transparency.
When opting for a fiduciary to handle assets, asset owners can have assurance that the service provider is obligated by ethical and legal responsibilities to prioritize the asset owners' interests over their own.
Mesirow Currency's Fiduciary FX solution minimizes transaction costs and market risk and provides competitive low-cost trading with transparent fees and results. Mesirow Currency manages the account setup process and our proprietary technology limits integration requirements. FidFX offers clients access to 24-hour trading capability covered by professionals with an average of over 20 years of trading experience.
Client sends orders to Mesirow in a format that works best for them, Swift, FTP, FIX or email
Mesirow matches offsetting orders and competes trades with over 20 banks to find the best price possible
Mesirow manages all settlement details with the client’s custodian then returns trade details to the client for STP processing
Mesirow provides clients with an independent transaction cost analysis of all trades
Description
Customized solutions to manage unrewarded currency risk in international portfolios
Strategies that aim to profit from short and medium-term moves in the FX market