In the world of Foreign Exchange there are a range of products that customers can choose to hedge their currency requirements against rate moves alongside a wider set that allow for out-performance of the market and speculation.
Some of these products are complex but the most used follow a set pattern:
- On a set date
- Deliver an amount X at a rate of Y
The values for X and Y may be set at the time the product is booked or may change based upon market conditions.
LooseFX looks at three areas related to these products.
- Can we provide a basic UI to model these simpler product types?
- Can we display the outcomes of these product types for a given scenario of rate moves?
- For outcomes, can we tie these back to the customer’s requirements to see gaps and issues around the rates they will be settled at?