Kantox is a currency management automation provider that offers a comprehensive, API-driven solution to help businesses optimize their foreign exchange (FX) workflow. The company's technology enables corporate treasurers to automate their currency risk management processes, build effective hedging strategies, and lower costs.
Kantox's platform automatically captures real-time FX exposure data from various sources, such as enterprise resource planning (ERP) systems and treasury management systems (TMS). This data includes forecasts, firm commitments (sales and purchase orders), and balance sheet items (payables and receivables). Based on customizable rules tailored to a company's specific needs, Kantox's solution automatically executes hedging programs, combining different strategies like micro-hedging, static hedging, and layered hedging.
The platform integrates with multi-dealer platforms, allowing clients to connect and trade with their preferred liquidity providers for automated trade execution. Kantox also provides real-time reporting and analytics on exposure and hedging performance, facilitating hedge accounting and documentation.
Additionally, Kantox offers dynamic pricing capabilities, enabling businesses to automatically update their prices based on currency market movements when selling products or services overseas, protecting margins and gaining a competitive advantage.
In October 2022, BNP Paribas acquired Kantox for USD 133 million (EUR 120 million) to strengthen its currency management automation offerings for corporate clients.
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