Electronic foreign exchange tradingDo foreign exchange transactions online using OP's smart foreign exchange trading tools
Flexibility in daily business
OP’s electronic foreign exchange trading services are based on fully automated processes. Completed trades are confirmed – and you get the required reference details – right away. You can also react to changes easily: our services enable smooth adjustment of existing hedges.
You save time and money, because you can monitor the exchange rate in real time and trade when it suits your company. You can also hedge your company’s sales, purchases and forecasts at the same time, rather than making several manual transactions.
Better risk management
Your company will have an up-to-date view of currency risk and hedging status, making it easier to ensure liquidity in different currencies. If necessary, you can automate use of your hedging policy across your organisation.
Optimum tools for your company's foreign exchange trading needs
Our electronic foreign exchange trading services will ease and speed up your company's forex trading. You can buy and sell currencies, manage currency risks and view your currency trading history.
We provide two trading systems – just choose the best fit with your company. OP eFX is a fast, easy to use system for regular, individual currency trades. OP FX Manager makes continuous trading and currency risk management easy. At OP, we help all our customers to find just the right service for them.
OP eFX makes individual forex transactions easier
OP eFX is an electronic foreign exchange trading application that the customers can use to carry out forex transactions against outgoing international payments, forex transactions between currency accounts, as well as currency hedging. By digitising processes, you will cut down on manual work and make your company’s daily business easier. Each forex transaction that you make will be filed in the service, and you can browse your company’s trading history anytime. A transaction-specific information field enables internal control.
OP FX Manager makes continuous foreign exchange trading effortless
OP FX Manager processes your company’s foreign-currency transaction materials (sales and purchases) and generates a proposal for correctly dimensioned currency hedging that takes your company’s hedging policy into account.
Currency hedging may also be based on the cash flow forecast that you have drawn up. The service nets the receivables and liabilities in each currency in the desired way and pools your material for you. You can approve the hedging recommendation provided by the service as is or make changes to it, after which the solution you approved is implemented on the currency market.
OP FX Manager's monitoring and reporting tools give a clear view of your company's foreign exchange trading history and currency risk status. You can react easily and flexibly as the situation changes.
How to get started with our electronic foreign exchange trading services
1. Contact us
You can contact your company’s contact person at OP or OP Markets directly.
2. Review your foreign exchange trading needs
Describe your company’s foreign exchange trading needs. Based on this, we will help you determine whether OP eFX or OP FX Manager is better suited to your company's needs. We ensure that the services that best suit your company are available to you and set them up based on your needs so that they are ready to use.
3. Authorise people to carry out electronic foreign exchange trading
Select and authorise the people who have the right to carry out electronic foreign exchange trading on behalf of your company. The authorised persons will receive their own user ID and password for the service.
4. Sign the necessary agreements
You will receive an electronic foreign exchange trading eServices Agreement and other documentation related to currency hedging to sign. You can conveniently sign the agreements electronically.
5. Implementation and support
The persons authorised to carry out trading receive the username, password and instructions as well as the address of the service login page by email. We are happy to help with logging in, configuring the trading settings and doing the first trades. We can either come on site or contact you via a remote connection.
6. Start foreign exchange trading
You are now ready to start foreign exchange trading. We assist you on weekdays from 8.30 am to 5.30 pm.
OP eFX and OP FX Manager +358 10 252 4062