Nomentia Risk Management for daily internal FX trading with focus on FX forwards and FX swaps
Founded 1905 in Norway, today Hydro is a leading industrial company present in a broad range of market segments for aluminium, energy, metal recycling, renewables and batteries. With more than 100 years of experience in renewable energy production, Hydro Energy is one of the three largest operators of hydropower production in Norway and an important player in the Nordic and Brazilian power market. Hydro strives towards a more sustainable future and is focused on creating a safe and secure workplace for their 32,000 employees in more than 140 locations and 40 countries.
Hydro wanted to facilitate the handling of its daily internal FX trading, concentrating on FX spot, forward and swap transactions.
With automated market pricing off transactions and STP with Hydro's treasury and cash management system, front office resources have now been able to focus more on monitoring and managing the external FX risks and exposures.
Hydro has been using Nomentia Risk Management since 2018 for handling its daily internal FX trading, focusing on FX spot, forward, and swap transactions.
Hydro employees describe the solution as very user-friendly and it facilitates the company’s entire internal FX risk management. The ease of use for new users too has led to great satisfaction within units onboarded.
Thanks to automated market pricing of transactions and STP in Hydro's treasury and cash management systems, front office resources have now been able to focus more on monitoring and managing the external FX risks and exposures.
"I recommend Nomentia for corporations with a centralized financial management to simplify the handling of internal FX business."
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