Outsourcing FX: An International Trend That Makes Good Business Sense

Approximately 95% of medium sized and community banks in the U.S. outsource foreign exchange services to financial institutions. A similar trend is occurring on a global basis. Many have concluded that it’s best to outsource FX to companies that specialize in FX processing, products and services. There are two main reasons for this line of thought. First, it’s the FX specialist, not the bank, that’s making the initial and recurring resource investments. Secondly, the FX specialist assumes the responsibility for managing these resources and for much of the business risk.

Reasons for Outsourcing Foreign Exchange Services

Many businesses currently involved in foreign exchange (FX) either on the buy, sell, retail or wholesale side are succumbing to escalating costs and thinning profits. Despite tremendous growth in existing and emerging global FX markets, increased competition and direct costs are becoming disproportionate to profitability. With tapering profits and the cost of management, risk, compliance and technology constantly on the rise, institutions are reconsidering both the feasibility and necessity of offering FX products and services. As an alternative, institutions are now outsourcing FX to companies such as WSD NZ to improve balance sheets, increase profitability, introduce new revenue streams, maintain client confidentiality and share holder confidence.

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Tasman Capital has entered into an agreement to facilitate the listing of WSD Financial (NZ) Limited. WSD is an international broking house specialising in foreign exchange, precious metals, futures and options. WSD is headquartered, registered and regulated in New Zealand and also has branches in Bangkok, Dubai, Johannesburg, Los Angeles, Mumbai and Nairobi.

WSD is an NZX Futures and Options participant firm, is a member of the New Zealand Financial Markets Association, is registered as a derivatives dealer with the Securities and Exchange Commission in the USA, is licensed by the Dubai Gold and Commodities Exchange and is the only non-bank institution to be accorded a derivatives dealer license in Thailand.

You can find out more about WSD at www.wsd-nz.com. We believe WSD is an excellent candidate for listing. WSD can thrive even when markets are at their most volatile. It will be the only company of its kind listed in New Zealand. We expect to have WSD listed on the NZAX before the end of 2008.

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WSD has a FREE demo platform that offers continual streaming price quotes, news service, charting and accountancy package. Why not try it out through the link above?

The WSD advantage:

As a regulated, audited and professional Forex provider WSD is the ideal partner to trade the markets with.

We have tight spreads with prices that remain firm regardless of market conditions.
During normal trading hours the price quoted is good for up to 50 Lots and as we have no dealer intervention - you can be assured that this is the market price.

There is no start up fee or commission to be charged whatsoever. That means you receive all the benefits a professional trader should be offered without the charges that normally accompany price / news / chart / accountancy packages from other brokers.

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WSD Financial (NZ) Ltd. is a premier investment house headquartered in Auckland that caters to retail investors across various countries. “Today, more than anything clients need personal attention without preferences of whether the client is high net worth or just investing his savings for a better tomorrow. WSD Financial understands this very well, and provides each client with personalized attention and customized solutions. Being a “retail investment house”, WSD is able to provide a varied range of services and personalized service to its clients using global standard procedures and a 24/7 help desk,” says, Savas Macun- Director- Middle East Region.

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Already established in the US, Thailand and Dubai with a culturally diverse workforce WSD can communicate in any client’s language, which is just one example of the importance the company places on investing in its own infrastructure. But it’s not stopping there.

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