Spot Trades

Spot Trades

A Spot Transaction is a client’s request of a specific currency’s rate for settlement within two business days. Usually a client who books or requests a spot transaction is looking to pay an invoice, close out an outstanding contract, or needs local currency for payroll etc., as soon as possible. Most of the time the client does not have the benefit of time to wait for a better rate.

At Bendix, our senior traders understand the importance of transacting on specific dates and meeting deadlines. We nevertheless feel an obligation to obtain the best possible rate for our clients in order to lock in their forecasted profits.

Our Senior Traders pride themselves in providing clients with more than just a rate. We educate our clients as to the current issues and market influences so that they can make as informed a decision as possible. We have introduced a market newsletter, which we provide upon request, to provide our clients with up to date market insight, market trend identification, support and resistance level tracking, and a sense of what issues are driving market volatility. This provides our clients with a level of comfort, knowing that their foreign exchange needs are being addressed.

At Bendix Foreign Exchange, we have the confidence to promote comparison shopping, because we know that, not only are we providing the best pricing, but that we are also providing a value-added service that is priceless. Part of this service is providing market knowledge to identify tops, bottoms, support, and resistance levels in establishing entry or exit points in the marketplace. This service helps our clients to secure profits year after year in volatile markets.