Trade efficiently,
safely and wisely
Bondford offers data, analytical tools and proven processes that enable you to define, achieve and demonstrate best practice in FX dealing
Data Driven
Make intelligent decisions by leveraging our proprietary pre and post trade TCA software
Independent
Zero revenue generated from transactional FX business, removing any conflict of interest
Experts
The Bondford teams are specialists in developing FX execution strategies and policies
No data. No advantage.
There is no shortage of FX counter-parties, venues and products in the market, each claiming to offer some form of ‘unique’ value.
Firms are disadvantaged by a lack of access to reliable, independent market data, analytical tools and expert advice to evaluate FX offerings fairly, make informed decisions and address key challenges.
Do you lack transparency in FX costs?
Without the ability to consistently monitor execution costs, it becomes impossible to make fair comparisons between different offerings and quantifiy improvements to execution quality. Firms without FX TCA tools typically suffer from inconsistent, uncompetitive pricing.
Are you concerned about market impact?
Given the highly fragmented and often significantly overestimated liquidity, executing large FX orders can prove costly. Executing parties also incur the risk of leaking information about the intent, urgency or size of any order which may negatively affect pricing.
Have you diversified your counterparty risk?
Post the 2008 financial crisis, there is increased emphasis on reviewing the credibility of counterparts, particularly when entering into OTC FX derivative contracts where there is default risk. Monitoring counterparty credit risk can be time consuming and requires access to expensive data sources.
Do you have tools to plan for liquidity risk?
Clients often have a requirement to post initial and variation margin on derivative instruments. Finance professionals can therefore face unexpected liquidity impacts when having to post collateral with their counterparties. This is capital which could be better used for other operational or investment needs.
Are you on top of your regulatory risk?
MiFID II and Dodd-Frank regulations require investment firms to define, achieve and demonstrate best execution. Without complying, firms can face significant fines.
How we can help
Reduce costs
Add value to your bottom line through intelligent, efficient, trade execution
Mitigate risks
Comply with MiFiD II and Dodd-Frank rules whilst reducing liquidity and counterpark risk
If you can’t measure something, you can’t understand it. If you can’t understand it, you can’t control it. If you can’t control it, you can’t improve it.
H. James Harrington
We’re experts in FX execution
We used to sit on the other side of the table. Now we sit on yours.
Through thousands of client engagements, we understand that many businesses lack the internal resource and expertise to put in place, then administer, an effective FX execution policy.
With 30+ years experience in the foreign exchange markets, we deliver comprehensive plans that will serve your business now and for many years to come.
100+
Experience working with most CCYs
Our FX Best Execution Process
Set Objectives
Focused on your requirements
Using a purpose built discovery process, we sit down with you to define your FX execution objectives and priorities.
Search & Select
Finding the right solution
We screen a range of appropriate FX counterparties, venues, and products to produce a short list for detailed evaluation, then present you with our reccomendations.
Utilisation
Putting the strategy to work
We allocate trading volume across the reccomended counterparties, products and/or venues in a manner that facilitates a comprehensive, fair evaluation process.
Evaluation
Measuring performance
Applying Bondford’s pre and post trade transaction cost analysis (TCA) software, we measure and assess the execution quality of the selected counterparties, venues, and products.
Calibration
Reflect, refine, repeat
We document execution performance, both individually and in aggregate, in order to reflect on strategy performance, provide broker feedback and to identify further opportunities for improvement.
Why must you act now?
Getting started with FX advisory
01. Book a call
We want to learn more about you. Your unique goals and objectives, any challenges you face, and initiatives that you have in mind.
02. We will build you a bespoke FX strategy
With a firm understanding of your objectives, we’ll get to work at designing a best-in-class FX policy that will provide peace of mind to both you and your shareholders.
03. Grow your business
With less time spent thinking about the currency market, you’ll have more time to focus on your core business.
