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dia80 | 4 years ago

It's expensive for a reason... Technology, banking fees, compliance department, margin loans... I'd be interested to see your financial model!

discuss

wdaareg|4 years ago

Each leg of our transaction carries a substantially fixed fee to the business - which is unusual in currency exchange. Having achieved those economics with our partners, we summed them up, added costs for operations and compliance, and added a margin to run our business. That's how we ended up at £3!

dia80|4 years ago

Oh... You think selling the flow info of consumer FX will pay for all that.

carnitine|4 years ago

What do you mean flow info? Generally selling flow means letting market makers fill orders for a fee. How much is just the info worth, especially in FX?

pkavanagh|4 years ago

We're betting that we'll be profitable on the 3 GBP alone. No need for any games or hidden rebates, but appreciate the skepticism :)