CAXTONfx boosts corporate service
CAXTONfx, one of Europe’s leading currency companies has beefed up the resources behind its corporate department following a recent period of growth.
As the credit crunch bites UK plc is proactively seeking out ways to improve margins and sourcing from overseas is often the only answer. Hindered by complacency many businesses turn to their bank for currency transfer, but the alternative, specialist currency brokers, can often offer much better deals, by way of exchange rates and free transfers. CaxtonFX, one of Europe’s leading currency companies has boosted its business development force in the wake of much higher demand for corporate foreign exchange (FX) and currency transfer.
‘Typically our corporate clients save thousands, compared to the cost of using their bank. When you add up the overall savings across a two or three year period you get a significant number. In times such as these businesses would much rather make cost savings than make job cuts. We are helping lots of businesses to do this.’ comments Rupert Lee-Browne, CEO at CAXTONfx.
Specialist FX providers not only facilitate cost savings, they often assign dedicated account managers to every client. This means that news and updates on market conditions are always on tap and businesses can reduce their exposure to exchange rate risk and the frustration of currency fluctuation.
A leading supplier of aggregate machinery who has been trading with CAXTONfx for nearly a year commented ‘We specialise in aggregate machinery not currency, however value and dependability are essential no matter who the supplier. We are pleased to have Caxton FX as our currency partner.’
For more information visit - www.caxtonfx.com.
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Notes to editors:
Caxtonfx is a foreign exchange company based in London. They set themselves apart by offering genuine value for money.
The company was founded in 2001 as an FX (foreign exchange) broker, offering bank-beating rates for large transactions - they now exchange millions on a daily basis. The success of the company has been based on two simple principles: Value and Service. Principles carried through to the launch of their currency cards.
A survey published by the Sunday Times in February 2008 showed a large range of rates offered by the high street banks. Transferring €200,000 via CAXTONfx would have cost about £830 less than Lloyds and several thousand pounds less than Barclays, HSBC and Nat West.
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