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FX, Executed From the Exposure

Spot, forwards, swaps, and NDFs priced across your banks and executed straight through — from the same screen as the exposure they hedge.

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Dealing Room›FX
TH
TINA HUDSON001 TECHNOLOGIES
FX Dealing Board
Streaming · 6 banks
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EUR/USD
▲ 0.05%SPOT
Spr2
Amt10,000,000 EUR
VD 20.01.2026Pts —JPM · 6 banks
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GBP/USD
▲ 0.04%3M
Spr3
Amt5,000,000 GBP
VD 18.04.2026Pts +38.5GS · 5 banks
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USD/JPY
▼ 0.12%1M
Spr3
Amt8,000,000 USD
VD 18.02.2026Pts -46.0HSBC · 4 banks
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EUR/GBP
▲ 0.02%SPOT
Spr2
Amt3,600,000 EUR
VD 20.01.2026Pts —BNP · 5 banks
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USD/CHF
▼ 0.03%1M
Spr3
Amt2,100,000 USD
VD 18.02.2026Pts -18.7UBS · 4 banks
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USD/CAD
▲ 0.01%SPOT
Spr3
Amt6,400,000 USD
VD 20.01.2026Pts —Citi · 3 banks
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AUD/USD
▼ 0.08%6M
Spr3
Amt1,900,000 AUD
VD 20.07.2026Pts +21.0HSBC · 3 banks
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USD/SGD
▼ 0.02%1W
Spr4
Amt4,700,000 USD
VD 27.01.2026Pts -5.4SCB · 3 banks
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EUR/CHF
▲ 0.03%SPOT
Spr3
Amt1,500,000 EUR
VD 20.01.2026Pts —UBS · 4 banks
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EUR/JPY
▼ 0.07%3M
Spr4
Amt2,000,000 EUR
VD 18.04.2026Pts -128BNP · 4 banks
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USD/MXN
▲ 0.21%1M
Spr19
Amt3,300,000 USD
VD 18.02.2026Pts +1,480Citi · 2 banks
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USD/CNH
▲ 0.06%NDF 3M
Spr8
Amt3,000,000 USD
VD 18.04.2026Pts -310SCB · 2 banks

Trusted by

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LSE: ASC
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NYSE: SGHC
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TTSE: MASSY
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TYO: 9984
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LSE: ASC
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NYSE: SGHC
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TTSE: MASSY
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TYO: 9984
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FX, Executed by Agents.

FX is the hedging desk of the Trading domain. Agents net exposures, quote your banks in competition, execute inside policy, then confirm, settle, and book every trade.

The product lives in

Trading

Explore domain

Deal capture, execution, and confirmations for FX, money markets, and debt — the desk agents trade from.

The agents that do the work here3 agents
  1. 01

    FX Agent

    Prices and executes FX inside policy
    • Nets exposures by currency and entity before quoting
    • Compares bank quotes against the live market
    • Executes within spread tolerance and confirms
    Meet the agent
  2. 02

    Risk Agent

    Keeps hedges inside the policy
    • Measures hedge ratio against exposure per currency
    • Checks settlement and counterparty limits pre-trade
    • Marks open forwards and options to market every tick
    Meet the agent
  3. 03

    Reconciliation Agent

    Closes the loop after execution
    • Matches confirmations to tickets and SSIs
    • Tracks settlement on both legs across your banks
    • Posts the trade and its revaluation to the ledger
    Meet the agent

Complete FX Capability

FROM EXPOSURE TO SETTLEMENT

APPROVALSDealer Controls

Roles, pair and tenor limits, and approvals per dealer — agents execute inside them, and anything outside waits for you.

Orders Approved0 / 5
ORD-7201F. CursiBuy
US 6M T-Bill · Limit: $5M
$4,500,000●
ORD-7202M. ChenSell
EUR/USD FWD 3M · Limit: €3M
€2,800,000○
ORD-7203A. SinghBuy
GBP MMF · Limit: £2M
£1,200,000○
ORD-7204J. ParkBuy
USD/JPY SPOT · Limit: $5M
$6,100,000○
ORD-7205L. WeberSell
EUR Corp Bond · Limit: €5M
€3,400,000○
REPORTINGExecution Analytics

Spread to mid, fill quality, and hedge ratio by pair, bank, and entity — with the agent’s reasoning on every trade.

FX Analytics
|
8:16 AM
LIQUIDITYMulti-Bank Liquidity

Spot, forwards, swaps, NDFs, and options quoted in competition across the banks you already have lines with.

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RISKExposure & Limits

Net exposures by currency and entity, settlement and counterparty limits — the Risk Agent marks them to market every tick.

Total Exposure$180M utilized / $300M limit
BNP Paribas
BNP ParibasCredit
A+ · $32M / $50M
64%
JPMorgan
JPMorganSettlement
AA- · $45M / $80M
56%
Citi
CitiCredit
A · $54M / $60M
90%
UBS
UBSMarket
A+ · $28M / $40M
70%
HSBC
HSBCSettlement
AA · $21M / $70M
30%
Risk Metrics
VaR (95%)
$2.4M-$180K
FX Exposure
$18.2M+$1.1M
Duration
2.3 yrs-0.1
AGENTSHedged by Agents

The FX Agent nets exposures, requests quotes, executes inside tolerance, then confirms, settles, and books the trade.

Trade Lifecycle1 / 7
1
Pre-TradeCredit exposure check
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2
CompliancePolicy & mandate validation
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3
Best ExecutionMulti-dealer RFQ comparison
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4
ExecuteOrder placed via FIX
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5
ConfirmTrade confirmation matched
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6
SettleSSI validation & settlement
○
7
Post-TradeP&L attribution & journal
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Exposuresnettedbyagents,quotedacrossyourbanks,checkedagainsthedgepolicy,andexecutedstraightthrough—thenconfirmed,settled,andbookedwithoutare-key.

Multi-Asset FX Execution

Access FX spot, forwards, and options across multiple liquidity providers with intelligent pre-trade checks and automated post-trade settlement.

Multi-CurrencyGlobal FX Access

Execute FX spot, forwards, and options across all major and minor currency pairs.

Best ExecutionOptimized Pricing

Compare FX quotes across multiple liquidity providers for best rates.

Pre-TradeSmart Workflows

Intelligent FX pre-trade checks and approvals aligned with your policies.

Post-TradeSeamless Settlement

Automated FX settlement and confirmations across all counterparties.

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7°C
Thu Jan 8 23:58
▲EUR / USD▼
Sell EURBuy EUR
1.03
108
1.03
110
Spot 10.01.2025
1.03
14358
3.158
1.03
14639
3.239
1 Week 21.01.2025
1.03
24109
12.909
1.03
24399
12.999
1 Month 13.02.2025
1.04
05591
93.891
1.04
06357
94.457
6 Months 14.07.2025
▲GBP / USD▼
Sell GBPBuy GBP
0.96
975
0.96
977
Spot 10.01.2025
0.96
85794
-12.206
0.96
86066
-12.134
1 Week 21.01.2025
0.96
09977
88.023
0.96
10685
-87.515
1 Month 13.02.2025
1.03
18245
85.891
1.03
19112
86.457
6 Months 14.07.2025
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Every FX Instrument, Every Bank

SPOT, FORWARDS, SWAPS & NDFS

FX Spot

Deal the world’s currencies at the best rate across tier-1 banks and liquidity providers — T+2 or same-day, from the position it funds.

FX Spot

Executed
Trade ID#FX-2026-1843
Currency PairEUR/USD
SideBUY EUR
Rate1.0312
Amount10,000,000 EUR
Counter Amount10,312,000 USD
Value DateJan 20, 2026 (T+2)
ExecutedJan 18, 2026 14:32:15
CounterpartyJPMorgan
Confirmed

FX Forward

Lock a rate for a future date to hedge forecast receipts and payments — outright or window forwards, priced in competition.

FX Forward

Executed
Trade ID#FXF-2026-2210
Currency PairGBP/USD
SideSELL GBP
Forward Rate1.2648
Forward Points+38.5
Amount5,000,000 GBP
Value DateApr 18, 2026 (3M)
ExecutedJan 18, 2026 14:32:15
CounterpartyGoldman Sachs
Confirmed

FX Swap

Roll hedges and manage short-term funding across currencies with near and far legs executed as one trade.

FX Swap

Executed
Trade ID#FXS-2026-0974
Currency PairUSD/JPY
Near LegBUY 8,000,000 USD @ 156.20
Far LegSELL 8,000,000 USD @ 155.74
Swap Points-46.0
Tenor1M
ExecutedJan 18, 2026 14:32:15
CounterpartyHSBC
Confirmed

NDF

Hedge restricted currencies with cash-settled non-deliverable forwards, fixed against the official rate on fixing date.

NDF

Executed
Trade ID#NDF-2026-3306
Currency PairUSD/INR
SideBUY USD
NDF Rate86.42
Notional3,000,000 USD
Fixing DateMar 16, 2026
SettlementUSD · Mar 18, 2026
ExecutedJan 18, 2026 14:32:15
CounterpartyStandard Chartered
Confirmed

FX Option

Protect a worst-case rate while keeping the upside — vanilla puts, calls, and collars priced across your banks.

FX Option

Executed
Trade ID#FXO-2026-1187
Currency PairEUR/USD
TypeEUR Put / USD Call
Strike1.0200
Notional10,000,000 EUR
Premium0.42% · 42,000 EUR
ExpiryJun 15, 2026
ExecutedJan 18, 2026 14:32:15
CounterpartyBNP Paribas
Confirmed

BOOK A DEMO

Ready to hedge from one desk?

See how Bond can transform your finance operations with AI automation, ROI delivery, and intelligent decision-making.

Book Demo
$1B+

Liquidity Unlocked

$100M+

Extra Revenue Generated

1,000+

Risk Incidents Mitigated

$36.5B+

Investment Volume Annually

$1T+

Transactions Processed

$50B+

Managed Daily

FAQs

Your questions, answered.

Spot, outright and window forwards, swaps, non-deliverable forwards, and vanilla options — across all major and most emerging-market pairs, with the banks and liquidity providers you already have lines with.
Every request is quoted in competition across your connected banks and compared against the live market. You see each quote side by side with the spread to mid, and the FX Agent only executes inside the tolerance you set.
Yes. The FX Agent nets exposures before requesting quotes, checks every trade against your hedge policy and counterparty limits, and executes within spread tolerance — or hands you a ready-to-approve ticket if you prefer a human release.
No. Bond is a technology company, not a broker or market maker. You deal directly with your banks at the rates they quote; Bond does not sit in the flow of funds or add any spread.
Exposures come from Headquarters and the forecast, hedges are measured against them in Risk, and every executed trade is confirmed, settled, and posted to the ledger with its revaluation — no re-keying between desk, risk, and close.

System of Action

DO BETTER THAN STATIC DASHBOARDS

Bond's AI intelligence layer turns static data into intelligence that doesn't just inform work - it does it.

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Berkeley Square House
London, United Kingdom
W1J 6BD

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Bond Financial Technologies Ltd is an appointed representative of Hurricane Capital UK Limited that is authorised and regulated by the Financial Conduct Authority. Bond Financial Technologies Ltd registered address is Second Floor, Berkeley Square House, London, United Kingdom, W1J 6BD. The information and the services referred to on our site are directed at professional clients, eligible counterparties and retail clients. However, retail clients may only rely on the information herein in relation to corporate finance business. If you have any doubts about your status you must not access our site. This website is for information purposes only. Nothing herein shall be construed (i) as an official confirmation and/or (ii) as advice or a recommendation. Please note that you are required to have read and accepted the terms of our Privacy Policy & Terms of Use before you are able to access our website.