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FXCM Now Offers Corporate Hedging Service

The Italian subsidiary of FXCM, the leading Forex and CFD broker, today announced the launch of a dedicated product that would allow international businesses and investors to hedge against currency risks.
 
The Corporate Hedging Service is an automated system – hence no emotions and personal biases will be involved, while cutting-edge algorithms will calculate risks and fair value of the protection according to the type and size of the businesses. The broker promises that the service will be suitable for companies of all sizes – from large multinationals to small and medium-sized firms. 
 
As simple as this product may seem, it may save a company a hefty amount of worries. For example, such a service would have prevented BMW, the global auto giant from the humiliation that it suffered in 2003 when its revenues recorded a drop just because of the rally of the EUR against the US dollar.
 
So, yes, each company with operations abroad should be aware of its risk exposure, including the size of foreign payments that have to be made or the payments that have to be made to the business, and, of course, the size of the salaries and other operational expenses for foreign establishments. In fact, any increase in the exchange rates of a business's home currency and the currency of the foreign country where any extra operations are conducted, may cost the business a lot.
 
This is why Gabriele Vedani , managing director of FXCM Italy, stressed that  “foreign currency positions should be managed so as to minimize operating costs”. Putting it bluntly, you don't want your profits evaporating because of the monthly salary of your Japanese workers. 
 
FXCM's offer looms rather lucrative, as Forex brokers are the experts in foreign exchange market – a broker would be the obvious choice for a company to offset the risk of adverse currency movements. The big question is: why aren't more Forex brokers offering such hedging services? FXCM may be taking the lead one more time.
 
You can find the official press release (in Italian) here.
 

About FXCM Inc. 

 
FXCM Inc. (NYSE:FXCM) is a global online provider of foreign exchange, or FX, trading and related services to retail and institutional customers world-wide. 
 
At the heart of FXCM's client offering is No Dealing Desk FX trading. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. FXCM's U.K. subsidiary, Forex Capital Markets Limited, offers Contract for Difference ("CFD") products with no re-quote trading and allows clients to trade oil, gold, silver and stock indices along with FX on one platform. In addition, FXCM offers educational courses on FX trading and provides free news and market research through DailyFX.com.
TAGS: fxcm  fxcm forex broker  fxcm italy  fxcm hedging service  fxcm corporate hedging service  adverse currency movements  foreign currency hedging  gedging financial  business hedging  currency movements  fxcm services 

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