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
We hold two licences issued by the Australian regulator , the Australian Securities and Investments Commission (ASIC).
Direct FX Ltd holds an Australian Securities and Investments Commission (ASIC) issued 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.
Direct FX (Australia) Pty Ltd holds an ASIC license (AFSL No:509319) which allows the company to provide foreign exchange services to wholesale clients.
We also hold a derivatives issuer licence, granted by the New Zealand Financial Markets Authority. Our licence is specifically restricted to the provision of FX forward contracts only, for the period of five years from December 5th 2014. We must also adhere to other conditions imposed upon us by the Financial Markets Conduct Act 2013.
Direct FX Limited is a Registered Financial Service Provider, under the New Zealand Financial Services Providers (Registration and Dispute Resolution) Act 2008 – Our FSP Number is FSP16781