VICTORIA, British Columbia, Oct. 15, 2018 (GLOBE NEWSWIRE) -- EncoreFX Inc., today announced the upcoming release of its new online dealing platform, EncoreFX Express. EncoreFX is a leading provider of foreign exchange, global payments, and risk management products for corporations.

After identifying that its customers needed a simple, yet robust online system to facilitate international payments and risk management, EncoreFX hired a team of Canadian based developers to build a tailored solution that met client needs. The system, EncoreFX Express, is set to be released at the end of the month and will offer the ability to make multiple payments funded from existing contracts, draw down on contracts, and/or create new contracts to fund transactions to over 200 countries in over 150 currencies. EncoreFX Express will offer the most competitive foreign exchange pricing in the market and allow clients to manage their derivative contracts online.

In addition to hiring a team of experienced, local developers, EncoreFX engaged a Canadian-based User Interface company, which has provided development work for the likes of Apple, Amazon, Google, and other Fortune 500 companies, to ensure an online product that is designed to be as user friendly and intuitive as possible.

"Providing a world class online dealing platform for our clients is exciting for us. EncoreFX has, in my opinion, the best people in the industry, and now we have an online system that matches that," said Peter Gustavson, FCA, FCPA, Chief Executive Officer of EncoreFX. “At our previous company, Custom House, we spent in excess of ten million dollars annually on IT in order to stay competitive with the banks. Others in our industry are outsourcing their development or hiring freelancers to maintain their systems. At EncoreFX, we are forward looking and feel the need to have a dedicated, in-house, team to deliver the products our customers deserve.”

Gustavson sold Custom House Global Foreign Exchange to Western Union in 2009 for $370,000,000 USD. To learn more about the features of EncoreFX Express, please visit www.encorefx.com/products-services/online-dealing/.

About EncoreFX Inc.

EncoreFX Inc., combined with its subsidiaries, is the largest Canadian, full service, foreign exchange, risk management and international payments company headquartered in Victoria, BC, Canada, with a team of experienced professionals operating across Canada, New Zealand, Australia, and parts of the United States. EncoreFX provides customized access to services such as spot foreign exchange, international payments, and risk management strategies including forward contracts and currency options. For more information, visit www.encorefx.com.

Media contact:

Mallory McCredie
press@encorefx.com