trade analyser

Find out what your FX is costing

Instant visibility into the true cost of every currency trade. Forward points, counterparty fees and the cost of not hedging. We show you what others don't want you to see.

100%

Visibility into every trade charge

£0

Hidden margin

5+

Counterparties benchmarked per trade

1

Place for all your post trade analysis

THE COST OF OPACITY

Most businesses don't know what their FX is really costing them.

The Trade Analyser changes that. Here's why it matters:
Hidden costs accumulate

Small pricing variances compound over time. Without structured analysis, the true long-term cost of FX remains invisible.

Counterparty performance is rarely benchmarked

Most trading relationships run without consistent benchmarking, making performance hard to evidence and even harder to challenge.

Governance requires data

CFOs and boards expect demonstrable oversight of financial decisions. Currency trading outcomes should be no exception.

how it works

From input to insight in four steps.

The Trade Analyser aggregates historical and real-time exchange rates to deliver transparent, actionable insights on every hedge.
TruHedge removes the opacity from FX trading — deep institutional liquidity, fixed spreads and zero hidden fees so finance teams know exactly what they're paying before every trade

Capture

Input your hedge details
Enter the details of a trade you're about to execute or one you've already placed.
1

Analyse

Evaluate the findings
Assess hedge costs, the risk of not hedging and the expected benefit of your hedging strategy.
2

Act

Make better decisions
Negotiate prices in real time on live quotes. Go into every future hedge better informed.
3

monitor

Track trends over time
Review counterparty charges across multiple saved hedges. Spot cost trends before they become a problem.
4

KNOW BEFORE YOU TRADE

How the Trade Analyser works

We aggregates both historical and real-time exchange rates to deliver you the transparent insights you need to make truly informed hedging decisions.
1

Input your hedge details

Enter the details of a hedge you’re about to execute or that you’ve executed in the past.

4

Track trends over time

Assess counterparty value by reviewing charges on multiple saved hedges through time.

Dashboard showing Trade Analyser with buttons to add trade or upload CSV, counterparty charge gauge at 0.70% marked average, average spread at 0.71%, and market benchmark categorized from excellent to high.Glossy circular black button with a subtle gradient reflection.
2

Evaluate the findings

Assess hedge costs, risks of not hedging, and expected hedging benefits.

3

Make better decisions

Negotiate prices in real-time on Live Quotes and be more informed for future hedges.

TruHedge counterparty benchmarking — most trading relationships run without consistent benchmarking, making performance hard to evidence and even harder to challenge. TruHedge changes that

counterparty benchmarking

See exactly what every counterparty is charging.

Instantly view charges per counterparty across all executed hedges. Track cost trends over time and catch price increases before they compound.
audit your counterparty

the cost of not hedging

Know the downside before you decide to do nothing.

Use historical data to forecast how far FX rates could move against you, and the cash impact on your costs or revenue if you leave exposure unhedged. Inaction is often the highest form of speculation.
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TruHedge reveals the true cost of inaction — using historical data to show how far FX rates could move against you and the cash impact of leaving exposure unhedged
TruHedge makes counterparty charges immediately challengeable — rated Excellent to High the moment a quote is received, so finance teams never have to accept pricing they can't interrogate

make them accountable

See the charge. Challenge it immediately.

The moment a quote is received, TruHedge shows you the counterparty's charge, rated Excellent, Good, Average, Above Average or High. No more accepting pricing you can't interrogate.
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Uncover the supply chain

Are your forward points being passed on fairly?

Forward points are generated in your favour on certain hedging products. The Trade Analyser reveals whether your counterparty is passing them on, or keeping them.

TruHedge FX supply chain transparency — revealing whether forward points generated in your favour are being passed on or quietly kept by your counterparty

pricing

Fast, clear insights for confident decisions

Whether you want a quick, one-off check or a powerful way to track and compare hedges over time, Tenora’s Trade Analyser gives you the control you need.

Free

Trade Analyser Lite
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30-day free trial

Trade Analyser
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Analyse live trades
Analyse historic trades
Expose counterparty charges
Uncover forward points
Estimate impact of not hedging
Save trade history
Compare counterparties over time
Bulk upload trades

benchmarking

Not sure of your FX costs?

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