London-based FX Capital Group has launched an new online currency and payments platform for deliverable foreign exchange and international payments.

Clients using the platform are shown a time-stamped interbank market rate and the corresponding trade rate, every time they make a trade. The service will be available to corporates, trust and fund administrators and equity brokers. 

Initially, customers can access spot rates for 20 major currencies, with forward rates out to 12 months being added by the end of the year.

“For our clients, the online platform is a perfect complement to our existing phone-based service. Customers have a simple and secure environment to manage their currency risk and make payments, and still enjoy the benefit of our transparent pricing policy,” said Nigel Verdon, chief executive and founder of FX Capital Group. 

The group also provides its white label programme to firms who want to offer FX Capital's currency and payment services in their own brand. The scaleable platform for liquidity, settlements and back office can also be re-directed to a broker's existing or preferred liquidity provider.