Skipping Stone and Monex Europe Announce a Partnership to Help Clients Better Manage FX Volatility Risk and Cross-Border Payments
Los Angeles, CA – May 7, 2019 – Skipping Stone, a global energy markets consulting and technology services firm announces a partnership with Monex Europe, the world’s leading specialist in commercial foreign exchange. Under the partnership, Skipping Stone will work with energy companies involved in international commerce that can benefit from Monex Europe currency hedging and risk management services.
All FX trading, currency hedging and risk management services are provided by Monex Europe. With more than $5.2 billion in assets, group FX turnover in excess of $198 billion, and more than 4.9 million transactions made each year, Monex Group is one of the world’s largest commercial foreign exchange providers. Their global presence spans 12 cities across 3 continents. Monex Group’s industry-specific knowledge, sharper FX pricing, and market insight. Monex Europe will work with Skipping Stone clients to mitigate exposure to FX volatility risk and help them manage cross-border currency transactions with greater efficiency.
“Skipping Stone is active in 50 countries with many of our clients operating in multiple countries. As we have worked on business plans and financial forecasting, we have found that currency risk management can be a significant issue,” said Skipping Stone Chairman and CEO Peter Weigand. “Our partnership with Monex Europe will help our clients improve their bottom line by providing them with more effective and efficient options for managing their FX exposure and cross-border payments.”
About Monex Europe
Monex Europe is part of a wider global financial services group called Monex S.A.B., a publicly listed investment grade institution with more than 30 years of experience in the FX industry. As a group, the global presence of Monex spans 3 continents and 12 cities across the globe. Monex Europe is a top 10 global currency forecaster, consistently ranked at the top of forecasting tables by Bloomberg, FX Week, and Thompson Reuters FX pools. For more information, visit www.monexeurope.com.
About Skipping Stone
Skipping Stone is an energy markets consulting firm that helps clients navigate market changes, capitalize on opportunities and manage business risks. Our services include market assessment, strategy development, strategy implementation, managed services, technology selection, technology implementation, project management, and talent management. Our sector focus areas are natural gas and power markets, demand response, technology services, renewable energy, and distributed energy resources. Skipping Stone’s model of deploying energy industry veterans has delivered measurable bottom-line results for over 270 clients globally. Headquartered in Boston, the firm has regional offices in Atlanta, Houston, Los Angeles, Tokyo, and London. For more information, visit SkippingStone.com or www.skippingstone.co.jp.
