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Save time with DanskeFX Auto 

Does your company operate internationally and often trade currencies? And do you want to ensure a more consistent liquidity across currencies?

With DanskeFX Auto, you can automate your currency trading to suit your liquidity needs.

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Benefits of DanskeFX Auto 

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Save time

Automating your currency trading will reduce the time spent on setting up repeated or regular transactions.

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Minimise risk of errors

By setting up custom rules, you can reduce manual work and the risk of human errors.

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Liquidity management across currencies

Automated FX solutions can help your company maintain stable liquidity balances in each currency.

DanskeFX AutoSweeping

Maintain your currency balances more easily by defining custom rules and automating your sweeping and topping trades.
  • Define currency pairs and rule type (sweep, top up or target balance)
  • Set specific lower or upper balance thresholds and the desired balance
  • Specify the time, date and frequency of the trades

DanskeFX AutoSwapping

Automate your currency swaps to ease liquidity management and help reduce the risk of negative
balances on accounts.
  • Define currency pairs
  • Set specific balance thresholds
  • Specify the time, date, frequency of the automated trades

If the criteria defined in your rules are met, your trades will be executed automatically at the set time, saving you time on daily trading tasks. You can always get an overview of the rules and view the FX trades executed according to the rules. The rules can also be set up to work with cash pools.

Discover DanskeFX AutoSweeping

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Discover DanskeFX AutoSwapping

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Frequently Asked Questions about DanskeFX Auto

  • DanskeFX Auto solutions are add-ons to DanskeFX OneClick, which helps you automate your FX trades, enabling you to effectively manage your currency balances and free up time for other tasks.
  • No. To be able to use DanskeFX Auto solutions, you must be a user of DanskeFX OneClick.

    Learn more about DanskeFX OneClick.

  • When setting up the rules for your trades, you can choose:

    • Currency pair
    • Balance thresholds
    • Target balances
    • Time, date and frequency of execution
  • A top-up rule is used to ensure that the balance in your account remains above the lower threshold for a specific currency. If the balance falls below this threshold once the rule has been set, an FX trade will be executed to bring the balance above the threshold again.

    A sweep rule is used to ensure that the balance in your account remains below the upper threshold for a specific currency. If the balance exceeds this threshold once the rule has been set, an FX trade will be executed to reduce the balance to the threshold.

    A target balance is a combination of the top-up and sweep rules where you can specify a target balance for your chosen currency, and the rule ensures that the balance is maintained, using either top-up or sweep depending on your account balance.

    A swap trade is used to exchange one currency for another at a specified rate on a set date, with an agreement to reverse the exchange later. This allows you to manage currency exposure and liquidity across accounts without affecting the underlying currency positions.

    Learn more about currency trades.
  • If you want to ensure the maintenance of your currency balances during a specific period, you can set your rules to expire after a certain date. This can be helpful, for instance, during busy periods or holidays.

Do you want to know more about DanskeFX Auto?

You are welcome to contact us to learn more and discuss your FX trading needs.

Contact us

Read more

FX trading

Danske Bank is one of the strongest FX players in the Nordic markets. Specialised in Northern and Eastern Europe, we cover all segments from Corporate Tier 1, domestic banks, central banks, and global banks as well as hedge funds, asset managers and fund managers.

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District

With our financial platform District, it is easy to manage your daily banking business and it gives you an overview that enables you to make even better decisions.

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Research

Vist Danske Bank's Research website to find a wealth of information and publications from our dedicated research teams that cover a broad range of markets and economies

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