Kantox - the peer-to-peer FX netting service - has taken $1bn FX trades
by Kylene Casanova
From a startup in June 2011 to $1b FX trades in 2015 using their unique combination of peer-to-peer FX netting and access to wholesale FX market. Kantox, see figure below, have proven that it works and that they can provide full liquidity in any currency.

Source & Copyright©2015 - Kantox
Kantox have found that, on average, 78% of their clients are saving more than 80% compared to their banks or brokers. So for every million USD traded, clients save more than USD 15,000. (For further details, see.)
Kantox growth and vision
Kantox have grown from the two founders - Philippe Gelis and Toni Rami - to a team of of 50 people and in 2014 grew by 250%. Kantox believe they are on track to achieve the 2nd billion in just a few months time. The growth has been achieved by working with smaller clients, providing excellent service and earning their trust.
As one CFO remarked, “The idea of matching my FX requirement with another corporate’s and then just buying the balance on the wholesale market, is compelling.” Kantox’s vision: “To bring transparency, efficiency and fairness to the financial industry and to society as a whole, ultimately.” is also compelling.
CTMfile take: As Steve Jobs said, “Here’s to the crazy ones, the misfits, the rebels, the troublemakers, the round pegs in square holes. The ones who see things differently.” And here’s to the financial service disrupters, like Kantox, who want to use new, efficient and fairer solutions, “To invert the traditional finance business model by putting our clients first and profits a distant second.”
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