Universal Partners FX Flashcards
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Universal partners FX history?
Founded 2017 by Oliver Carlson and Dhavel Patel focused on corporate clients and high profile individuals
2019 became FCA regulated
150M turnover 200%
2020 provided NHS no commission to help get PPE
2022
1.3B turnover
SPOT payments?
Done immediately
Live market on all major currencies across 220 territories globally
Access multiple liquidity providers on each transaction which helps achieve best possible exchange rate
Wire fees covered
Swift payment used
Mass payments
Use streamline technology
Collection accounts
Can withdraw in any currency
They have online platform like Garton
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How is risk managed?
Passive Hedging for an FX Broker:
What it is: Like a fixed insurance policy for an FX broker.
Explanation: The broker uses straightforward methods, such as options or forward contracts, to protect against currency fluctuations. Once in place, it doesn’t require frequent adjustments and provides a more stable environment.
Active Hedging for an FX Broker:
What it is: Like adjusting the insurance policy based on real-time market changes.
Explanation: The broker actively monitors the currency markets and adjusts its hedging strategies in response to changing exchange rates. This approach is more dynamic, allowing the broker to adapt to market conditions as they evolve.