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SPOT FX

Currency exchange software for spot FX

Your clients convert between the currencies they hold, quoted, executed and settled immediately, and your institution earns on every conversion. Spot FX on FinLabCore is a first-class banking operation: priced per client, controlled like money movement, and booked into real double-entry books.

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Quote, execute, settle, immediately

A spot conversion is one clean motion: the client sees a quoted rate for the pair, executes, and the funds settle between their held currencies at once, no pending state, no end-of-day batch. It runs in the web and native mobile apps under the client’s signatory mandates, like any other movement of money on the platform.

The spread is revenue, booked to its own income position

Every conversion carries the institution’s spread, plus conversion fees where you charge them. Both are configured per client, down to an individual account, in the tariff engine: flat and percentage components with minimums and maximums, varying by currency and transaction size, changed from the back office without a release.

Each charge maps to its own income position in the books, so FX revenue reports itself by line, spread and fees visible in FX result reporting without manual allocation.

Open currency positions, revalued daily

Conversions leave the institution holding currency, and the books keep up. Every entry carries dual valuation, in its own currency and in the reporting currency, fixed at registration; open non-reporting-currency balances are revalued daily at current rates, with the resulting gain or loss booked. FX exposure is a number you read off the balance sheet, not a spreadsheet you maintain beside it.

Quoted rates in the client’s hands

FX is not a desk your clients call, it is a screen they already have. Rates are quoted in the white-label web and mobile apps, conversions execute in a tap, statements show the result, and signing on mobile means the treasurer does not wait for a desktop. For value moving beyond fiat, crypto conversion sits one screen away in the same apps; for trading on margin rather than funded balances, see FX margin trading.

FX spot FAQ

How does a spot conversion work for the client?
They pick the pair between currencies they hold, see the quoted rate, execute, and the funds settle immediately into the target currency account. Created and signed in the web or mobile app under their mandates.
Yes, the spread and any conversion fees are your commercial settings, configured per client in the tariff engine and changed without a release. Rate sourcing and routing are part of the provider configuration scoped to your setup.
By construction: spread and fees book to dedicated income positions, and the reporting suite produces FX result and revaluation reporting over any period. Management reporting.
Open positions sit on the institution’s balance sheet, revalued daily with gain or loss booked, and dual-valued from the moment of registration. The exposure is in the books, current, every day. How the ledger does it.
Yes, pricing is per client, down to an individual account: tighter spreads for your priority segment, standard elsewhere, plan-based if you prefer. All of it is tariff configuration. Pricing & Distribution.
Fully, quoting, execution and signing run in the native iOS and Android apps.

Run a conversion, then read the entries

Quote to settlement in seconds, and the spread landing on its own income position right behind it. The demo shows both.

Book a Demo  ·  See the Ledger.