Mr. Steve Rich possesses an expert-level proficiency in commodities and foreign exchange markets, encompassing operations, clearance, and settlement. With an extensive professional background spanning over 40 years, Mr. Rich boasts a wealth of experience in commodities trade, finance, and the foreign exchange industry. His distinguished career includes serving as a registered stockbroker on the esteemed State Commodity and Raw Materials Exchange of Turkmenistan, acting on behalf of Japan Petroleum. In this capacity, he skillfully engaged in auctions for a diverse array of commodities, such as Gas Oil, Mazut M-100, Jet Fuel, Liquefied Petroleum Gas, and numerous other products.
In addition to his remarkable achievements in the financial domain, Mr. Rich holds proprietorship over a versatile portfolio of e-commerce, communications, and media brands.
Mr. Steve Rich is an active figure in the foreign exchange industry, working for one of the world's leading commercial foreign exchange providers based in the City of London. The foreign exchange company manages approximately $303 billion USD in deliverable foreign exchange flows, which includes an impressive volume of 7,600,000 transactions annually. It offers notably advantageous exchange rates for both major and exotic currencies, along with highly favorable hedging facilities. These facilities encompass on-shore and off-shore clearing capabilities to ensure seamless settlement of all foreign exchange transactions. This assistance aids companies in mitigating the risks associated with currency volatility, particularly in relation to major currencies such as EUR, GBP, and JPY in comparison to USD.
A particularly noteworthy feature is the provision of flexible forward hedging lines, empowering businesses to hedge forward up to 5 years. This strategic capability effectively shields assets, budgets, and cash flows, providing comprehensive protection against the risk of FX movements during the mentioned timeframe. In addition to his role in the industry, Mr. Steve Rich is a prolific writer, having authored thousands of articles including various topics related to foreign exchange and global finance. His insights and expertise have been widely recognized and sought after by professionals in the field. Furthermore, Mr. Steve Rich is also the author of the book 'FX: Dominate Currency Markets of the Future,' further demonstrating his deep knowledge and significant contributions to the field.
In his capacity, Mr. Steve Rich collaborates closely with a diverse clientele, which includes prominent Multinational companies, Investment funds, Financial institutions, Listed companies, Private high net-worth individuals, Asset managers, Venture capital firms, Importers, and exporters. Additionally, the clientele comprises Family offices, Private equity firms, Small and Mid-sized Enterprises (SMEs), and Special Purpose Vehicles (SPVs).