Baxter Price Engine
Standardize the process, not the price.
Baxter Price Engine. Modern FX pricing infrastructure for banks, backed by 25 years of experience.
Give your Treasury desk one controlled workflow to create, tailor and distribute customer-specific FX prices across every channel automatically, while keeping control of margins, limits and exceptions.
FX growth creates operational complexity
For many smaller and mid-sized banks, FX pricing still depends on calls, spreadsheets, manual decisions and disconnected systems.
As customer volumes grow, this can mean:
Inconsistent spreads across customers
Limited control over margins
Disconnected channels and regional desks
Manual trade booking and reconciliation
Slower service as clients increasingly expect digital access
Take control of your FX pricing with Baxter Price Engine
One controlled workflow from market price to customer trade.
Baxter Price Engine connects pricing, customer treatment and downstream execution in one automated workflow, with Treasury firmly in control.
Apply them consistently while dealers retain control of exceptions.
Differentiate margins by customer, segment, volume, currency pair, channel and other commercial criteria.
Manage regional requirements within one controlled pricing environment.
Connect execution, hedging and STP to existing banking systems with fewer manual handoffs.
Better for the Treasury, the bank and your clients.
Empower your Treasury desk
More control. Less manual work.
- Control the margin you want from each client
- Tailor pricing without losing consistency
- Automate routine pricing while retaining dealer control
- Manage complex orders, synthetics and multi-leg scenarios
- Apply one pricing logic across channels and regions
- Go beyond traditional FX. Support crypto alongside fiat currencies as your offering evolves.
Grow your FX business
Scale without multiplying complexity.
- Win and serve more FX business
- Free your team to focus on growth
- Protect margins with customer-specific pricing
- Scale across customers and channels more efficiently
- Reduce the cost and effort of growth
Serve your clients
Deliver the FX experience they expect.
- Trading at their fingertips
- Digital access when they need it
- Faster path from price to trade
- Pricing tailored to the relationship
- Consistent service across channels
Two engines, one pipeline: a Rate Engine that makes the bank's price, and a Pricing Engine that sells it.
Source
Ingest streaming market data from your liquidity providers, cleaned and normalised by Price Synthesis into one reliable market view.
- Multi-Liquidity Provider market data
- Price Synthesis
- Pricing algorithms
Price
Traders shape the bank's own price in TrackWheel: spreads and skew by deal size, informed by the live position.
- TrackWheel dealer pricing
- Size-based rungs
- Position-driven skew
Tailor
The Pricing Engine turns that rate into customer rates by group, channel and sales margin.
- Customer groups
- Sales margin
- Multiple channel rates
Govern
Permissions, limits and trading schedules enforced centrally on every quote including automatic day/night mode.
- Permissions & limits
- Internal limit check
- External balance check
Stream
Broadcast the same governed price to every channel at once. Your own front-ends, portals and multi-bank venues.
- Dashboard SBP
- Multi-bank venues
- REST & WebSocket APIs
Execute
Trades flow back in, auto-hedge against the best liquidity, and pass straight through to back office.
- Trade verification
- Auto-hedging
- Comprehensive STP
Designed to work with the infrastructure you already have.
Connect Baxter Price Engine with your market, customer and downstream systems.
Market makers:
- Bloomberg
- Commerzbank
- BofA
- Morgan Stanley
- NTPro
- Integral
- GenericFIX
- DV Chain
- IBAN First
Market takers:
- Single Bank Platform provided by Baxter Solutions
- WebService streaming/REST provided by Baxter Solutions
- Bloomberg
- FXall
- 360T
- APIs / FIX
Integrations with the Bank:
- STP
- Core Banking (Mifid, Customer accounts and balances)
- Credit risk, balance check
Upgrade your FX pricing without rebuilding your entire Treasury setup.
Review your existing FX environment with the Baxter team and see where Baxter Price Engine can fit within your current architecture.
Why banks trust Baxter Price Engine
Built for banks. Proven in live banking environments.
Designed for real-world bank FX pricing.
Keep pricing, segmentation and trading workflows connected in one controlled environment.
Central control. Customer-specific pricing.
Tailor margins by customer, segment, volume, currency pair and channel.
Automate everyday pricing. Keep dealers in control.
Reduce day-to-day pricing work, with dealer intervention when needed.
Fit your infrastructure. Integrates seamlessly.
Connect with existing liquidity, trading and back-office systems across SaaS or on-premise deployment.
Security independently reviewed
Built for stable, secure operation and reviewed annually by external security specialists working with banks.
Contact us
Whether you have a question or want to explore how Baxter Price Engine could fit your FX setup, we’d be happy to hear from you.