Foreign exchange is a peculiar mix of speculators, traders and those that only trade currencies because their alpha-generating activities produce FX exposures and hedging needs they can’t avoid. MillTech, a company launched in 2019, was set up with the intention of allowing corporates and other non-speculative FX market participants to gain access to institutional-grade currency management tools and prices.
“Since our launch we’ve grown massively. We’ve refined our use case and it turns out we hugely underestimated our total addressable market, which has had an impact on how we think about our company structure and the business,” MillTech CEO Eric Huttman tells Euromoney.
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