Cambridge Mercantile Group

Cambridge Mercantile Group

October 22, 2013 05:00 ET

Cambridge Mercantile Completes Integration of Raphaels Bank FX Business

Leading FX and Payments Provider Successfully Transferred Clients of Its Recent Acquisition to Existing Platforms in Just Over Two Months

LONDON, UNITED KINGDOM--(Marketwired - Oct. 22, 2013) - Cambridge Mercantile Group, the UK's fastest growing international FX and payments business1, is pleased to report the successful integration of its recent acquisition, the Raphaels Bank corporate foreign exchange division, to the company's business platforms.

In just over two months, Cambridge UK seamlessly incorporated the Raphaels FX business into its own operation, offering clients exposure to its extensive payment and risk management product set. In addition, the company migrated all existing Raphaels online clients as well as many not previously online, onto the Cambridge online platform, accounting for a 40% increase in the company's online users.

Clients may now benefit from the advanced currency payment and hedging tools available to them through Cambridge, including facilitated forward contracts, stop orders and limit orders. In addition to these products, clients have access to the company's expert team of risk management consultants, specialising in developing customised hedging strategies for large and small enterprises alike.

Cambridge's swift and flawless integration of this new client business into its own operation illustrates both the company's ability and willingness to take on similar business to the Raphaels Corporate FX Bank transaction going forward. With its FCA license, scalable trading capacity, leading edge technology and bank relationships, Cambridge envisions several more deals of this type over the next 12 months.

"This year presents interesting challenges to our market, with an increasing regulatory environment, as well as more stringent Bank requirements," said David Clark, Managing Director, Cambridge Mercantile Europe. "With our capabilities in technology and compliance, we are fully prepared for the new world and expect continued growth going into 2014. We look forward to exploring other potential opportunities to partner with independent firms in the FX industry that may benefit from our expertise."

1 - Source Plimsoll Business Intelligence

About Cambridge Mercantile Group:

Since its inception in 1992, Cambridge Mercantile Group has grown to become a leading provider of global payments and currency risk management solutions. With more than 14,000 clients worldwide, Cambridge is among the largest bank-independent providers of hedging and risk management products, powered by technologies widely regarded as industry leading. Cambridge delivers a superior level of service to clients through extensive knowledge of foreign exchange and award-winning operational capabilities, supported by an experienced trading, account management and consultative sales team. With offices strategically located across the globe, including North America, Europe and Australia, Cambridge facilitates the secure movement of over $20 billion annually. For more information, visit www.cambridgefx.com.

Contact Information