Redbridge provides exclusive benchmarks and helps negotiate your FX transaction costs
FX Fees can be up to 20 times higher than what could be achieved through effective negotiation with your bank.
No matter how you execute your FX trades – account-to-account, by voice trading, or through a single-bank or multi-bank platform – there are opportunities to reduce costs.
Lowering FX transaction costs takes more than strong negotiation. It requires data and strategy.
Redbridge has developed a proven approach to renegotiate your FX fees and achieve substantial savings.
We assess the last 6 months of your transaction costs and compare them to market benchmarks to set an optimization target, leveraging our database containing details of over $1 trillion of FX trades. With this data, we are able to renegotiate fees with your providers.
Understand and analyze all your FX transactions:
- By Currency Pair
- By Instrument
- By Counterparty
Assess the competitiveness of your operations by comparing them to similar transactions carried out by other companies.
Make sure data is at the heart of your treasury optimization projects
Redbridge has been helping corporate treasuries manage their banking relationships since 1999.
Over the years, we’ve developed expertise in analysis and optimization of bank fees using an innovative approach and data- driven insights.
Based on this experience, we’ve developed advanced tools that deliver detailed, actionable insights to help optimize your FX costs.
The biggest challenges in analyzing FX costs and how we solve them:
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Difficulty collecting the data and a lack of in-house expertise
With over 25 years of experience, we have specialized teams focused on data collection, analysis, and negotiation
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Lack of market data and benchmarks
We have access to data-points of over $1 Trillion of FX trades
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Lack of time and internal resources
Our teams carry out all the in-depth analysis on your behalf so your teams can focus on other priorities
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Lack of regular monitoring
We provide ongoing reporting for three years on your FX costs as part of our engagements
Get a free initial assessment of how much you could cut your FX costs
What’s a Redbridge Scorecard?
Our Scorecards provide a quick initial assessment of the potential savings in your FX operations. We begin by benchmarking your margins against a comprehensive dataset of peer and bank activity.
This allows our team to highlight how yours compare to market expectations and show you the steps needed to ensure you’re paying competitive rates
What data do we need from your team?
- 1-6 months of FX fees data – this is usually available in any multi-dealing platform or similar tool.
or
- Five trade confirmations by bank, currency pair and tenor.
It only takes a few data points to assess potential saving in your FX operations
