A new service on FXstreet.com that should be the answer to many import/export companies needs... remember this name KANTOX.... You will hear a lot from them soon :)
We have had the opportunity to meet them several times here in Barcelona as they have offices in London and Barcelona and we found their business proposal just killing. If you have ever had problems hedging your FX risks - problems that go from not understanding the product you were buying to paying a non-sense amount of money in commissions and spread - then give the guys an opportunity. You won't regret it and if you do , let me know.
KANTOX offers an innovative Web platform which allows companies to directly find counterparties (others companies) to match and net their future cash-flows in foreign currencies, at an agreed fixed exchange rate (mid-market rate), and thus hedge their foreign exchange risk. By netting cash-flows in foreign currencies without the intermediation of banks, KANTOX is able to offer companies a fairly priced FX hedging solution which does not require any margin deposit nor credit line.