What happens when we empower cross-border investors to trade with FX certainty and clarity?

Recently, M-DAQ’s Associate Director of Client Solutions Justin Fong had the privilege of showcasing our real-time multi-currency securities trading solution - Trading the Right Chart (TRC), at an exclusive event hosted by NTT Data Indonesia. Held at the Ritz Carlton Jakarta, the event is designed for companies in the stock exchange ecosystem including Indonesia Stock Exchange, ETF providers, technology providers, and over 100 brokers in Indonesia.

Int he stock market, foreign exchange (FX) conversion risk poses a challenge to cross-border trading. Presently, the FX rates applied in cross-border investments are unknown at the point of trade execution, and this uncertainty can significantly impact investment returns.

TRC’s vision is to shift the FX conversion which currently happens at pre-funding or post-trade stage to the point when the securities trade is executed i.e., at-trade. Through this, a cross-border investor can trade with more certainty and confidence and achieve better fills for their cross-border trades. This would in turn benefit stock exchanges and brokerages with an increase in trading volume and market competitiveness.

Powered by M-DAQ’s FX engine, TRC enables real-time high frequency re-pricing of securities in multi-currencies. FX rates applied are volume weighted averages of multiple banks’ electronic price feeds, delivering interbank FX pricing to the exchange. With TRC, investors may now track and trade their securities in the currency of their choice, ensuring greater precision and certainty.

Learn more about TRC here.