# MillTech – FX & Cash Management Automation Platform > Advanced FX hedging, Cash Management via Money Market Funds, and trade automation solutions for corporates and institutional clients. MillTech, previously MillTechFX, is a financial technology platform offering integrated **Foreign Exchange (FX)** and **Cash Management** solutions for investment managers, corporate treasurers, and asset owners. Its suite of solutions and tools helps automate manual FX workflows, increase market access and transparency, and reduce the costs and risks associated with currency trading and cash investing. MillTech’s unified platform processes over **$500 billion** in FX trades annually and serves 250+ client entities, leveraging **15+ Tier-1 liquidity providers** and 30+ years of industry innovation. The following sections provide an overview of MillTech’s key solutions: FX Management, Cash Management, Co-Pilot, Trade Workflow Automation, and Transaction Cost Analysis — along with their features, use cases, and other relevant details. ## Solutions - [FX Management](https://milltech.com/product/fx-management) – Multi-bank ISDA execution with preferential rates, easy onboarding, FX hedging automation, and risk management at scale for corporates and funds. - [Cash Management](https://milltech.com/product/cash-management) – Automated cash investments via multi-currency AAA-rated MMFs for corporates and funds. - [Co‑Pilot](https://milltech.com/product/co-pilot) – Next‑gen risk advisory and calculation services for FX and cash returns for corporates and funds. - [Trade Workflow Automation](https://milltech.com/product/trade-workflow-automation) – End‑to‑end API and FX reporting workflows for corporates and funds. - [Transaction Cost Analysis (TCA)](https://milltech.com/product/transaction-cost-analysis) – Independent audit of FX execution quality offering full transparency into FX costs. ## Clients - [Funds & Institutions](https://milltech.com/clients/fund-managers-and-institutional-investors) – FX & Cash Management solutions for Funds and Institutions. - [Global Businesses & Corporates](https://milltech.com/clients/corporate-treasurers) – FX and Cash Management solutions for Global Corporates and Treasurers. ## Company - [About Us](https://milltech.com/company/about-us) – Our mission, heritage, team and clients. - [The Team](https://milltech.com/company/leadership-team) – Leadership and expert contributors. - [Careers](https://milltech.com/company/careers) – Join us and build the future of FX automation. ## Insights - [Blog](https://milltech.com/resources/blog) – Insights on FX trends and risk management. - [Glossary](https://milltech.com/resources/glossary) – FX terminology explained. - [Research](https://milltech.com/resources/currency-insight-and-education) – Research hub. ## Contact & Demo - [Request a Demo](https://milltech.com/demo-form) – Book a live platform walkthrough. - [Request a Free TCA](https://milltech.com/tca-form) – How much could your business save on FX costs? - [Contact Us](https://milltech.com/contact) – Let's talk about your FX and Cash Management requirements. ## Legal - [Legal and Compliance](https://milltech.com/compliance-regulatory) - Terms, Disclaimers and Policies. ## FX Management **Product Overview:** FX Management is MillTech’s award-winning “FX-as-a-Service” solution that automates foreign exchange risk management. It centralizes and digitizes FX execution, enabling investment managers and asset owners to manage currency exposure across multiple counterparties with ease and transparency. **Key Features:** - Centralized FX risk management platform for multi-bank FX execution. - Automated end-to-end FX workflow from pre-trade to post-trade. - Transparent pricing with direct access to up to 15 Tier-1 liquidity providers. - Full integration with OMS/PMS systems. - Post-trade analytics and frequent transaction cost analysis(TCA). **Use Cases:** - Passive currency hedging for institutional portfolios. - Share class hedging for asset managers. - Reducing slippage on FX conversions during fund subscriptions/redemptions. ## Cash Management **Product Overview:** MillTech’s Cash Management solution enables clients to direct or automate cash sweeps into AAA-rated Money Market Funds (MMFs), helping maximise returns on surplus cash while preserving security and liquidity. Unlike competitors, MillTech’s solution uniquely consumes data from multiple custodians and applies rules and allocations on a per-fund basis to execute trades into both MMFs and deposits. It is the only Money Market Fund platform that also offers account opening and the ability to execute trades on behalf of clients, should they elect to do so, given MillTech’s advisory overlay. **Key Features:** - Express onboarding to AAA-rated MMFs. - Account opening managed on behalf of clients. - Real-time dashboard of MMFs and performance. - Automated investment and redemption instructions - Counterparty diversification across leading tier-one providers. - Regulatory compliance and audit support. - Integration with custodians and fund administrators. - Automated rules-based allocation and execution. **Use Cases:** - Corporates managing treasury across multiple banking partners. - Funds optimising idle cash balances while maintaining daily liquidity. - Pension funds seeking yield with capital preservation - Administrators reducing operational burden. - Deposit platforms, wealth managers, and administrators adding MMFs as a product — with MillTech’s Cash Management solution powering the offering. ## Co‑Pilot Co-Pilot is MillTech’s next-generation Risk Advisory and Calculation solution, designed to optimise FX strategy, cash deployment and decision-making. **Key Features:** - Simulate hedging strategies to assess performance. - Monitor cost and carry across currencies, instruments and time horizons. - Strengthen governance and control through institutional-grade oversight. - Streamline Asset, Share-Class, and Balance Sheet hedging with auto-hedging workflows. - Access customisable alerts and actionable insights via the MillTech platform and API integrations. **Use Cases:** - Clients new to currency hedging who benefit from expert advice and/or analytical tools. - Treasurers seeking automation in investment decision-making. - Fund managers evaluating cost-benefit of hedging across regions. ## Trade Workflow Automation **Product Overview:** MillTech's Trade Workflow Automation solutions facilities end-to-end automation of FX and Cash workflows, from trade initiation through execution, settlement, and post-trade reporting. **Key Features:** - Express FX ISDA and MMF onboarding with up to 15 Tier 1 liquidity providers. - Execute trades via the platform, API/FIX integration or through outsourcing. - Automated reporting for regulators and internal compliance. - Automated settlement via SWIFT or CLS. - Independent audit of transaction costs via TCA reports. **Use Cases:** - Funds standardizing FX trade processes across teams. - Reducing operational risk in high-volume trading environments. - Automating multi-party approval workflows. ## Transaction Cost Analysis (TCA) **Product Overview:** MillTech is an independent provider of post-trade Transaction Cost Analysis (TCA) for foreign exchange (FX) transactions. The service is free to clients and delivers transparency into FX execution costs. MillTech’s post-trade FX TCA analyses execution costs at both portfolio and individual trade levels. It compares results against independent industry benchmarks and peer performance. The analysis highlights hidden costs, inefficiencies, and execution risks, and provides data to support best execution claims. **Key Features:** - Measure FX execution costs across entire portfolios and individual trades. - Benchmark FX costs against independent market data and peer performance. - Identify execution inefficiencies and trading risks. - Provide a regulatory-grade audit trail for compliance. - Supports proof to demonstrate best execution to key internal and external stakeholders - Assist in refining FX execution strategies to improve outcomes. **Use Cases:** - Fund managers validating best execution and improving FX trade performance. - Corporate treasurers identifying and addressing performance drag from execution inefficiencies. - Compliance teams producing formal audit documentation for FX transactions.