Spot Interbank FX Services

Direct FX facilitates voice brokered transactions for banks, in the interbank market. Our spot foreign exchange service is the only one of its kind used by banks in Australasia.

Minimum transaction size is one million of the base currency.

Transactions are confirmed via the Thomson Reuters Trader Notification Service. Direct FX was the first interbank broker in the southern hemisphere to implement this now industry standard system. Please read the Thomson Reuters and Direct FX post trade service case study for further information.

Banks wishing to apply to use Direct FX services please email info@directFX.co.nz 
 
Authorisations we hold
The Australian Securities and Investments Commission (ASIC) have issued Direct FX with an Australian Financial Services Licence (AFSL No. 291471). Our AFSL authorises us to provide financial product advice and deal in a financial product. It also sets out financial requirements we must meet.

The New Zealand Financial Markets Authority (FMA) has authorised Direct FX as an Authorised Futures Dealer in New Zealand, as defined by the Securities Act 1988.

External Audits
Direct FX financial statements are audited annually by PricewaterhouseCoopers and lodged with both ASIC and the FMA. Our AFSL compliance arrangements are subject to external audit.