MSPFX
Foreign Currency Services

MSP Foreign Exchange Services was created by Mike Paterson, who set out on a mission to protect clients from currency risk whilst maximizing exchange rate opportunity.

 

Mike, or 'Oscar' as he is better known in the City, spent the majority of his career working in the interbank market as a highly successful FX Trader for both UBS and Credit Suisse as well as being Head of FX at the State Bank of Victoria London. With personal daily trading volumes in excess of $2-3 billion, Mike established himself as a trader of note combining professional and personal integrity with a cynical grasp of seizing market opportunity.

 

Since leaving the City Mike has been working as an independent consultant and now provides a bespoke advisory and execution platform for physical FX delivery to the Corporate and Private Sectors, as well as those wishing to better manage their currency trading. By minimizing unnecessary overheads and investing time into building a reputation through credibility, MSP offers companies and individuals outstanding exchange rates and provide an exceptional foreign exchange service without hidden fees or commission.

 

Mike also presents workshops and seminars at all levels throughout the UK, has written for numerous publications and was also part of the analysis team and co-owner at the highly regarded ForexLive.com. Other credits include multiple appearances on the Bloomberg TV channel plus radio stations including BBC's Radio 5 Live. Mike was also heavily involved in the formation of the UKMTA (UK Money Transmitters Association) which was created to provide an industry standard and voice for the commercial FX and cash remittance sectors whilst eliminating many of the less than ethical operators by ensuring that all payment providers were FSA regulated.

 

After 44 years involved in the industry Mike’s knowledge and inter-bank market contacts enable him and the MSPFX team to access the keenest market intelligence and convert that information into best advice for their clients.

 

Mike was born in Essex but now lives in Kent and remains passionate about music, a proud supporter of Southend United FC for 56 years, as well as being a keen cricketer and member of the historic Sevenoaks Vine club and MCC.