Forward Rate
A forward rate is the rate at which an FX contract can be entered today for settlement at a specified future date.
The difference between the spot rate and the forward rate for a given currency pair is referred to as forward points.
What is MillTech?
We provide access to a transparent marketplace for comparative FX execution from up to 15+ counterparty banks, while harnessing a unique and significant pricing efficiency for our clients and reducing their operational burden. In addition, MillTech provides clients with full transparency of execution via independent TCA reporting.
