The foreign exchange or Forex market is the largest financial market in the world with a daily volume of $6.6 trillion! The industry, however, is dominated by large global banks and FX providers with slow, antiquated systems that are not well suited for small to mid tier FX traders and Currency Exchangers as well as their corporate clients and tech savvy FinTech companies.
International money transfers and payments are expensive, opaque and tedious. Correspondent banks add up to 75% to the costs of money transfer without adding much value and, in fact, they introduce unnecessary compliance difficulties and delays.
Mid-tier FX brokers and currency traders and well as Enterprise clients and SMBs need a fully functional FX platform that allows them to cover all major and exotic currencies around the world at reasonable costs with a single API integration.
Zed bypasses correspondent banks and partners instead with the world’s largest FX liquidity providers to provide access to over a $trillion in liquidity with complete transparency, fastest delivery time and lowest cost in 200+ countries and 150+ currencies with one single API integration.