Kantox Launches Kantox In-House FX: Centralising FX Management for Global Businesses

With Kantox In-House FX, CFOs and Treasurers can manage FX as a group with a state-of-the-art automated solution.
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LONDON, 24 January 2024 - Kantox, a global leader in Currency Management Automation software, has today announced the launch of Kantox In-House FX. The solution allows companies to centralise the foreign exchange (FX) management and trade executions of their subsidiaries, maximising exposure netting for the group and enhancing liquidity.

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Managing the FX of various business units poses significant challenges for finance teams, often leading to high trading costs, limited visibility, and a lack of consolidated FX management. The solution leverages Kantox's award-winning Kantox Dynamic Hedging® technology to seamlessly integrate the FX operations of subsidiaries with the headquarters. Subsidiaries can benefit from 24/7 internal FX transactions, risk is managed seamlessly, and with only one trading entity, businesses can centralise and significantly improve bank liquidity terms.

A Central Treasury can now be much more than a simple intermediary between its subsidiaries and the banks. Kantox In-House FX allows the headquarters to take control, optimise, and even enhance the FX capabilities for the entire group - said Simon Chevoleau, Kantox Chief Product Officer.

As we launch our Kantox In-House FX solution, we are proud to provide a seamless platform for companies to centralize their FX management in the most optimal and automated way. At Kantox, we are committed to empowering businesses to navigate the complexities of foreign exchange with efficiency and confidence, providing a competitive edge in today's global marketplace - explained Antonio Rami, co-founder and Chief Growth Officer at Kantox.

The Kantox In-House FX solution allows us to centralise our FX management in the Hotelbeds Group. Kantox In-House FX provides internal liquidity to 22 subsidiaries, and we are able to net our exposure on a group level.” - said Hotelbeds Group’s Corporate Finance Director, Ignacio Ramos.

Key Features of Kantox In-House FX

• 24/7 liquidity: Kantox In-House FX allows 24/7 internal FX transactions for subsidiaries with customisable markups set by the headquarters.
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• Increased control: Central treasury can have full control over subsidiaries’ hedging policy as well as internal trades, including reviewing rates and approving or rejecting internal FX transactions that exceed specified criteria.
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• End-to-end traceability: Finance teams gain full traceability from the original entry at subsidiary level to to the execution of external trades.
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• FX risk management:  Headquarters can manage risk from internal trades by executing an external FX transaction before providing a rate and confirming the internal FX transactions (No Book-Holding), immediate confirmation of internal FX transactions (Book-Holding), or by aggregating internal FX transactions into external ones (Back-to-Back).
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• Single trading entity: Headquarters acts as the sole trading entity, managing netting at the group level on top of subsidiary-level netting.

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About Kantox

Kantox is a leader in Currency Management Automation software. Its solution simplifies the lives of treasurers and CFOs by automating the complex and time-consuming foreign exchange management process.

Since its establishment in 2011, Kantox has garnered the trust of clients across 75 countries. Its innovative platform covers the entire FX process, from accurately pricing products and services with real-time exchange rates to effectively hedging currency risk and optimising cash management.

As of July 2023, Kantox is a BNP Paribas company. Kantox will continue to operate as an independent company, now with the experience and market power of BNP Paribas behind it.

The company is headquartered in London and authorised by the Financial Conduct Authority (reference number 580343), and Kantox European Union, S.L. is based in Barcelona and authorised by the Bank of Spain (reference number 6890).

For more information, visit www.kantox.com, @Kantox, LinkedIn.

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Press contact: Lorraine Finn– lorraine.finn@kantox.com – (+34) 935 679 834

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