Press

For release

10th June 2024

DCL and FX Alpha announce new Partnership

New Corporate Solution being built.

Frankfurt/London – 10th June 2024 – Derivative Consulting Ltd. (DCL) and FX ALPHA eBusiness Consulting GmbH (FX Alpha) have announced that the two companies have entered into a partnership arrangement and commenced working together on the 1st of June 2024. After initial discussions at the beginning of the year definitive agreement was reached at the Full FX networking event in Copenhagen.

Corporate Solution proposed.

Both DCL and FX Alpha have been working on bringing to market a solution for corporates in the FX market. Building on a framework developed by DCL the addition of FX Alpha’s deep expertise in FX Options, FX Structuring, and FX Solutions, led by Enrico Ferrante, a partner at FX Alpha, is resulting in a novel modular solution that can be deployed by SME’s, larger corporates who operate an “in-house bank”, or by banks wanting a bespoke offering to their corporate clients.

Background

DCL provides FX advisory services and solutions to a broad reach of clients, including helping market participants commit to the FX Global Code (FXGC). In addition, DCL provides Expert Witness and legal advisory services to litigants in the High Courts of Justice in England and Wales, and various other international jurisdictions. The partnership with FX Alpha will bring forensic examination capabilities to the partnership through FX Alpha’s diverse pool of specialised professionals in the FX market, including Quants and BAs.

Equally, both DCL and FX Alpha look forward to deploying their combined teams in advising market participants in a wide range of activities; from deploying platforms to advanced pricing and hedging strategies and specialising in all aspects of e-FX and Digital Assets in an optimised technology, enhanced for a firm’s commitment to the FXGC if required.

The new venture in the Corporate market allows for the insights and support needed to allow Corporates better understand and manage risk exposure effectively and deploy an appropriate platform tailored to fit their actual requirement, either as an addition to existing accounting systems or a stand-alone solution importing data from multiple sources.

The founders, Stefan Hamberger and David Woolcock, of FX Alpha and DCL are excited to be bringing a dynamic partnership that is curated to the combined skill sets of both firms and are looking forward to presenting the combined capabilities to their respective clients.