DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Eric Huttman - 1 Huttman - 1 Amol Dhargalkar - 1 Banks - 1 Laura Matthews - 1 Megan Davies - 1 Muralikumar - 1
Top related locs:
North America Europe Swiss
Top related orgs:
YORK - 1 MillTechFX - 1 Millennium - 1 UBS - 1 Credit Suisse - 1 Chatham Financial - 1 Thomson - 1

Search resuls for: "MillTechFX"


2 mentions found


☆ Big companies toughen banking partner screening after crisis - survey
  + stars: | 2023-07-13 | by ( Laura Matthews | ) www.reuters.com   time to read: +2 min
NEW YORK, July 13 (Reuters) - Large companies are spreading out their counterparty risk and increasing screening of their banking partners in response to the recent banking crisis that has been a "wake-up call", according to an industry survey to be released on Thursday. Multinational companies and those with sales overseas use banks, or counterparties to the transactions, to trade foreign exchange and hedge currency risk. "All of a sudden there's a wake-up call," said Eric Huttman, CEO at MillTechFX, the specialist currency arm of Millennium Global. Huttman said his firm has added dozens of clients since the banking crisis and all of them have spent more time asking about its counterparty selection process. "The broad questions that companies are asking are, is my banking partner sound and will they be there when I need them," said Dhargalkar.
Persons: Eric Huttman, Huttman, Amol Dhargalkar, Banks, Laura Matthews, Megan Davies, Muralikumar Organizations: YORK, MillTechFX, Millennium, UBS, Credit Suisse, Chatham Financial, Thomson Locations: North America, Europe, Swiss
☆ Analysis: Dollar's gyrations raise hedging costs for U.S. companies
  + stars: | 2023-02-06 | by ( Laura Matthews | ) www.reuters.com   time to read: +5 min
Currency volatility drove the J.P. Morgan VXY G7 Index (.JPMVXYG7) in September to its highest in more than two years. Volatility, which causes wider bid-ask spreads and makes hedging more expensive, is causing companies to reassess their hedging programs. SPREADING BETSAnother way businesses are trying to minimize hedging costs is by spreading currency management around to more brokers outside of their main clearing banks, hedging advisors said. Revenue at Argentex Group, a riskless principal broker, has risen 63% from to 2021 as FX volatility elevated corporate hedging needs. While currency gyrations have ebbed and hedging costs have declined, “volatility and inflation remain a concern for many companies,” Kyriba’s Gage said.
0 next >>
Total: 2