[dia80]

It's expensive for a reason... Technology, banking fees, compliance department, margin loans... I'd be interested to see your financial model!

[wdaareg]

Each leg of our transaction carries a substantially fixed fee to the business - which is unusual in currency exchange. Having achieved those economics with our partners, we summed them up, added costs for operations and compliance, and added a margin to run our business. That's how we ended up at £3!

[dia80]

Oh... You think selling the flow info of consumer FX will pay for all that.

[carnitine]

What do you mean flow info? Generally selling flow means letting market makers fill orders for a fee. How much is just the info worth, especially in FX?

[pkavanagh]

We're betting that we'll be profitable on the 3 GBP alone. No need for any games or hidden rebates, but appreciate the skepticism :)