The price you are shown is not the price the market is making, and the difference is only visible if somebody is watching both.
Overview
Who this is for
Organisations that execute foreign exchange, interest rate or commodity hedges through one or more banks and want each trade priced competitively rather than accepted on trust.
The traditional way
A dealer is called, a price is quoted, the trade is done. The margin inside that price is not disclosed, and there is rarely a record of what the market was doing at the moment of execution.
The Audere approach
We sit on your side of the trade. We run your panel competitively, benchmark every quote against independent market data at the point of execution, and record what was shown and what was accepted.
How we work
We agree the panel and the process with you, prepare the trade, run the auction, and stay on the line while it is executed. Every quote and every timestamp is kept.
What you receive
Competitive execution across your panel, an independent record of each quote against market data, and a post-trade file you can hand to audit.
The platform module behind it
Adda exchange, the execution module of the Audere Analytics platform, runs the competitive process behind this service. [CONFIRM S7]
Banks compete live for each trade, and the price you accept is recorded against the market at that moment.
