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Articles by Eric Huttman
Corporate America’s Multibillion-Dollar Foreign Exchange Problem
Eric Huttman is CEO of MillTech, a risk management platform providing FX hedging and cash investments for fund managers and corporates. Corporate treasury teams have often treated foreign exchange (FX) like dentistry: It only becomes a priority when it becomes painful. Over the past year, FX pain has become hard to ignore. In Q1 2026, according to proprietary research by my firm that surveyed 120 American CFOs, 94% of U.S. corporates reported losses linked to unhedged FX exposures.
How Corporate Finance Teams Are Rethinking Foreign Exchange Risk
Eric Huttman, CEO of MillTech, discusses new research and how companies are adapting to a volatile currency environment. Currency risk has steadily risen up the corporate agenda over the past year. Geopolitical shocks, shifting trade policies and persistent macroeconomic uncertainty (subscription required) have made foreign exchange (FX) exposure harder to ignore. Recent tensions in the Middle East offer a reminder of how quickly global events can ripple through currency markets.
A tech revolution in an old-school industry
Tweet Facebook LinkedIn Save this article Send to Print this page The foreign exchange market is one the largest in the world, with $7.5 trillion traded per day. Its origins can be traced back to the 19th century, when banks, multinational corporations, and governments exchanged currencies for international trade and investment purposes. In the 1980s, the market started to shift toward modernisation as computer-based trading systems emerged, enabling the electronic trading of currencies.
A tech revolution in an old-school industry: FX
Tweet Facebook LinkedIn Save this article Send to Print this page The foreign exchange market is one the largest in the world, with $7.5 trillion traded per day. Its origins can be traced back to the 19th century, when banks, multinational corporations, and governments exchanged currencies for international trade and investment purposes. In the 1980s, the market started to shift toward modernization as computer-based trading systems emerged, enabling the electronic trading of currencies.
Highly Customized FX Risk Management System Brings 'Infinitely' Better Results Than Excel
When General Electric announced in 2021 that it would be separating into three businesses—GE HealthCare, GE Aviation, and GE Vernova—the new companies' treasury teams faced a huge amount of work. Historically, core treasury activities had been centralized within GE corporate, but each of the divested companies would need its own treasury organization, optimized to serve the needs of its business.
How One of the World's Largest Conglomerates Brought FX Under Control
Hitachi, Ltd. is one of the world's largest conglomerates. The company operates approximately 600 entities in more than 70 countries, providing customers with IT solutions, energy and transportation systems, and a wide array of other products ranging from mass-produced industrial equipment to home appliances to highly specialized tools such as electron microscopes custom-built for use in semiconductor manufacturing.
What Is Influencing Corporates' Currency Hedging Strategies? Original
After a period of relative stability in the foreign exchange (FX) market for much of the first half of this year, currency volatility is rising from a very low base level due to a number of factors. For one thing, more than half of the world's population is going to the polls in 2024, making this one of the most geopolitically active years we've seen in decades. When French President Emmanuel Macron called for a snap election in June, the euro dropped to a two-year low against the pound.
Music to a Treasurer’s Ears | Treasury Management International
With higher interest rates and global geopolitical tensions, corporate treasurers must ensure that their approach to FX risk management is suitably robust for this challenging environment. The past few years have seen a fascinating evolution in the processes corporates employ to manage FX. Since the onset of Covid at the beginning of 2020, a series of events have added significant complications to the market.
FX Global Code’s 7th Anniversary Slips by Without Fanfare | Treasury Management International
The FX Global Code marked its anniversary on 25 May 2024. Eric Huttman, CEO, MillTechFX, discusses why this milestone flew under the radar and the progress of awareness, adoption, and engagement with the FX Code over the past year. The FX Global Code (the Code) turned seven on the 25 May 2024 and its anniversary went by largely unheralded.
Top 5 Investment Tools You Need to Get This 2024
News in your inbox For Finextra's free daily newsletter, breaking news and flashes and weekly job board. Group External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. With the help of investing apps and FinTech tools, modern-day users can easily buy or sell stocks, manage their portfolios, and obtain investment analytics.
Redefining Client Engagement: The AI Revolution
In the ever-evolving landscape of financial services, the integration of Artificial Intelligence (AI) is reshaping the way client engagement is approached. This paradigm shift goes beyond conventional strategies, incorporating advanced technologies like predictive analytics, sentiment analysis, and real-time news data.
Marketware International: Pioneering Excellence in Fintech Since 1995
Marketware International, a trailblazer in financial technology, continues to lead the industry with a rich history dating back to its establishment in 1995. Known for introducing one of the first retail online trading platforms, Marketware has consistently pushed the boundaries of innovation in wealth management. Retail Online Trading: A Legacy of Innovation In the late 1990s, Marketware disrupted the financial landscape by unveiling one of the earliest retail online trading platforms.
Top 5 Personal Finance Tools to Check Out in the Post-Mint Era
Understanding one's financial situation, including income, expenses, budget, investments, and credit score, is not just beneficial; it’s a necessity. Utilizing a personal finance app enables individuals to stay informed and potentially enhance their financial standing, including debt reduction. These apps provide features such as expense tracking, budgeting tools, investment portfolio management, and credit score monitoring, all within a convenient platform.
Reshaping Financial Planning and Investment Service through Manifestation
How can we design an app that provides a guide for better financial decisions? Users typically invest based on in-app offers, but, to help customers achieve their dreams, we can change that approach. While working on a recent investment product for our client, we found that users needed help first making sense of their investments by setting their desired goals, and only then building a financial strategy.
Dmitry Gooshchin Answers: What to Expect from Bitcoin Halving In Today’s More Mature Crypto Market
News in your inbox For Finextra's free daily newsletter, breaking news and flashes and weekly job board. Channels Group External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
The swift transition from full-service to quick-service models within the restaurant industry
News in your inbox For Finextra's free daily newsletter, breaking news and flashes and weekly job board. Channels Group External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The dining landscape is experiencing a significant transformation, shifting from full-service to quick-service models.
Digital Public Infrastructure (DPI) - Is P only Public?
Digital Public Infrastructure (DPI) where in the digital services are offered to the citizens using the underlying digital goods and infrastructure. It is interoperable, enhancing the digital adoption, there by achieving the bigger goal of providing inclusive and transparent services. In short it is used as level playing field. At the bottom are the actual physical layer with digitized data available through servers and data centers.
FX: Is the Clock Ticking for Bank Service Bundling? | Treasury Management International
FX fees have often been difficult to assess as part of a traditionally bundled bank service agreement. But with transparency firmly on the agenda for corporate stakeholders, Eric Huttman, CEO, MillTechFX, believes that both banks and corporates now have the means to benefit from a more open approach to FX. For some treasurers, there is value in taking a price hit on FX fees with their bank if it means other services are more readily accessible as part of a bundle.
FX Global Code Must Embed EGS to Become Future Proof
The FX Global Code was introduced six years ago. Eric Huttman, the CEO of FX-as-a-Service pioneer, MillTechFX, discusses developments in the past year and what the GFXC needs to consider to ensure the FX Global Code remains relevant for years to come. The BIS Foreign Exchange Working Group published the FX Global Code of Conduct on 25 May 2017 with the aim of providing a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange (FX) market.
Six Years On: Ensuring the FX Global Code Remains Relevant
the Code's future depends on its ability to appeal to buy-side firms and corporates. By Eric Huttman, CEO of MillTechFX The FX Global Code was introduced six years ago. This article discusses developments in the past year and what the GFXC needs to consider to ensure the FX Global Code remains relevant for years to come.
Six Years On: Ensuring the FX Global Code Remains Relevant
By Eric Huttman, CEO of MillTechFX The FX Global Code was introduced six years ago. This article discusses developments in the past year and what the GFXC needs to consider to ensure the FX Global Code remains relevant for years to come. The BIS Foreign Exchange Working Group published the FX Global Code of Conduct on 25 May 2017 with the aim of providing a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange (FX) market.
Why currency volatility is fuelling the rise of automated FX solutions
Eric Huttman, CEO, FX-as-a-Service provider, MillTechFX Foreign exchange (FX) risk management has shot up from 'second order’ to a key priority for many corporate treasurers. With major currencies such as the US dollar, euro and pound all experiencing strong fluctuations over the past year, many corporates are beginning to feel the pain from this volatile climate.
Three Key FX Trends Facing Corporate Treasurers in 2023 | Treasury Management International
FX concerns will dominate the thoughts of many treasurers in 2023. Eric Huttman, CEO, MillTechFX, explores three key trends that will be shaping the response. After a period of relative calm in 2021, volatility dominated the FX market throughout 2022.
Currency volatility is forcing companies to ramp up their FX hedging strategies
Eric Huttman, CEO, FX-as-a-Service provider, MillTechFX Currency volatility is forcing companies to ramp up their FX hedging strategies By Eric Huttman, CEO at FX-as-a-Service provider, MillTechFX Currency volatility has become one of the dominant macroeconomic trends of the year. The dollar has surged to 20 years highs, while the pound and euro have slumped to 50 and 20-year lows respectively. This is having a serious impact on corporate earnings.
Hedging Against the Surging U.S. Dollar
The surging dollar has become one of the dominant macroeconomic trends. The Wall Street Journal Dollar Index, which measures the US dollar against a basket of 16 major currencies, has surged repeatedly this year and is near a 20-year high as of September 12 — up 10% since the beginning of 2022 and 13% from roughly a year ago.
FX Global Code: Building on Five Years of Progress
The BIS Foreign Exchange Working Group published the FX Global Code of Conduct on 25 May 2017 with the aim of providing a common set of guidelines to promote the integrity and effective functioning of the wholesale FX market. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. Since its introduction five years ago, a lot has changed in the FX market.
Fintechs – 'Fintastically' getting stronger en-route to transforming the FS landscape
The Financial Services (FS) sector is risk averse, has been and most likely will remain so. Historically a sector that maintains a perception of being different, complex, and often resistant to disruption and digitisation. However, “the order is rapidly fadin'. And the first one now. Will later be last. For the times they are a-changin (Bob Dylan). 2008 crisis questioned old world FS.
Corporate treasurers have overpaid for FX execution for too long. Now it’s time for a change.
For many corporates, the way the FX ecosystem currently operates is not fit for purpose in our opinion. Traditionally, all but the largest corporates have had little choice but to suffer the dual challenge of significantly overpaying for their currency execution requirements and suffering the operational agony of trying to implement and manage multiple liquidity-proving relationships to try to seek – though often in vain – best execution.
In the Opaque FX Market, Transparency is Vital for Asset Managers
In the opaque world of FX, transparency is increasingly vital for asset managers By Eric Huttman, CEO, MillTechFX In our opinion, access to competitive pricing and operational efficiency will always be critical factors for asset managers when it comes to trading currencies. But for many firms, one particular concern has risen to the forefront: a lack of transparency. Consider this scenario. A private equity firm wants to invest in an overseas technology business.
Weathering FX Risk in the Face of Tariff Storms
Published: June 23, 2025 Global tariffs have over recent months. This instability has spread to currency markets too, with the dollar falling against many major currencies, threatening businesses that operate internationally. Here, Eric Huttman, CEO, MillTech, explores the impact of tariff-driven volatility on corporates and how they can protect themselves from FX risk. The last wave of global tariffs imposed by the US and the swift retaliatory moves from major .
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