MillTechFX, the FinTech affiliate of Millennium Global Investments, has partnered with Investec Bank to provide fund managers with a margin-free foreign exchange (FX) hedging solution which enables transparent best execution across 10-plus counterparty banks without the cash drag associated with having to fund initial and variation margin calls.
MillTechFX, the FinTech affiliate of Millennium Global Investments, has partnered with Investec Bank to provide fund managers with a margin-free foreign exchange (FX) hedging solution which enables transparent best execution across 10-plus counterparty banks without the cash drag associated with having to fund initial and variation margin calls.
MillTechFX and Investec’s new margin-free hedging solution aims to removed the need for fund managers to post initial and/or variation margin – and crucially without jeopardising best execution, ensuring total cost transparency. This frees up cash, enabling fund managers to invest more capital, increase operational efficiency and drive down costs for their investors.
