Finally it is official... I'm proud to announce here today that FXstreet.com is taking a minority stake holding at a promising fast-growing Forex Hedging P2P (peer to peer) British/Catalan company: Kantox.
Soon you'll find them across FXstreet facilities and I hope that if you are an import/export company or a firm with currency exchange needs, you will give them a try because the savings and their efficientcy are worth a try.
Allow me to sell Kantoxa little bit:
With Kantox, FX hedging is simpler, cheaper and without banks
Kantox is a marketplace to barter future currency flows between companies. It consist in an innovative Web platform which connects companies to creditworthy counterparties (others companies) to match future cash-flows in foreign currencies, at an agreed fixed exchange rate (mid-market, no spread), and thus hedge FX risk. Without banking intermediation, Kantox offers a fairly priced hedging solution which does not require any collateral.
For more info, you can visit the post I made about them last April when they got into our services section: