The definition of a Spot Transaction is the 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 doesn’t 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 for our clients the best possible rate to lock in their forecasted profits.
At Bendix, 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 to our clients upon request. We strive to provide our clients with up to date market insight, indentifying market trends, support and resistance levels and a sense of what issues are driving market volatility. This provides our clients with a level of comfort that their foreign exchange needs are being addressed.
Bendix Foreign Exchange has the confidence that after comparison shopping, clients are satisfied 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.
Head Office & Administration
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366 Bay St.