The partnership follows consultation with members which revealed that quite a few had a foreign exchange requirement and were paying higher than necessary commission fees through banks and brokers.
Chantel Scherer, Director of Marketing, Communications and Member Engagement at the Sport and Recreation Alliance said:
“We are constantly looking for ways we can help our members operate in the most efficient and cost effective way. We hope this new partnership, which supports our ambition to help all our members be fit for the future, will prove a valuable addition to our suite of member benefits and services.”
James Allum, Chief Commercial Officer at freemarketFX said:
“Sport and recreation is a truly global sector and we are excited to offer organisations across the sector with a service that will provide immediate and tangible cost savings. We hope that the money that would have been lost in inflated fees can now be put to better use in getting the nation active.”
London-based freemarketFX provides organisations and individuals with the ability to take control of their foreign exchange transactions and keep more of their own money. The technologies and practices behind their web-based platforms enable low commissions by employing complex algorithms to aggregate members exchange requirements into the most efficient peer-to-peer exchanges.
The new service is now available to all Alliance members for use within their organisations and also in a personal capacity via a portal on the Alliance website. Members will be able to exchange money on the platform into more than 20 different currencies, including sterling, dollars and euros.
-ENDS-
Notes to editors
For further information please contact Thea Rogerson, Press Officer at the Sport and Recreation Alliance on 0207 976 3933 / trogerson@sportandrecreation.org.uk
Sport and Recreation Alliance
The Sport and Recreation Alliance believes that the power of sport and recreation can change lives and bring communities together. Together with our members and in partnership with the wider sector, we make the most of opportunities and tackle the areas that provide a challenge. We provide advice, support and guidance to our members and the sector, who represent traditional governing bodies of games and sport, county sports partnerships, outdoor recreation, water pursuits, and movement and dance exercise. As the voice of the sector, we work with Government, policy makers and the media to make sure the grassroots sport and recreation grows and thrives. Having an active nation is important as it delivers huge benefits to society and the millions of participants, volunteers, staff and spectators.
freemarketFX
freemarketFX allows organisations and individuals to take control of their foreign exchange transactions and keep more of their own money.
The technologies and practices that enable this process are innovations unique to freemarketFX. Complex algorithms aggregate members exchange requirements into the most efficient peer-to-peer exchanges.
One of the principles of freemarketFX is that all network members go through the same process of validation and accreditation. The extent of these procedures mean that freemarketFX can only offer member accounts to organisations and individuals who intend to trade.
freemarketFX is fully regulated and authorised by the FCA.
The end result of this expertise is that freemarketFX members have greater control over their foreign exchange transactions and enjoy one of the lowest commission charges in the market and no additional, hidden fees.
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