Record Currency Management Limited (“Record”), a specialist currency manager and provider of currency hedging services for institutional clients, has teamed with New Change FX, an independent provider of foreign exchange data and transaction cost analysis.
Record has always placed a high value on minimising transaction costs for clients, and providing the greatest level of transparency and disclosure available in the over-the-counter foreign exchange market. To this end, Record has a dedicated Trading team, and maintains multiple routes to access market liquidity. Record already undertakes extensive analysis to demonstrate its obligations of best execution, and will strengthen that further through the analysis provided by New Change FX.
New Change FX calculates an FCA-regulated, independent mid-rate against which transactions can be measured. New Change FX customers can therefore understand and measure foreign exchange costs against benchmark rates that cannot be influenced or altered by their chosen liquidity providers.
“We are excited by the further opportunities presented by engaging with New Change FX,” says James Wood-Collins, Chief Executive at Record. “Cost efficiency and transparency are a fundamental part of Record’s service, and we are confident that this will only strengthen what we can offer our clients”.
“We are delighted and honoured to be able to count one of the foremost names in foreign exchange amongst our clients. We are looking forward to helping Record to deliver further cost efficiency to their clients, and we hope to explore new product opportunities with Record in the future,” says Andy Woolmer, CEO of New Change FX.
