01/06/2026
Every cross-border transaction on a platform triggers a pricing decision. The decision factors in the customer profile, the platform's pricing policy, the live market state, the liquidity paths available, and the current exposure profile.
When this decision happens outside the platform, the platform inherits whatever the external system produces. When it happens inside, the platform owns the logic.
Continuous pricing decisions, made in milliseconds, transaction by transaction, are not the same as periodic rate refreshes. The mechanics of the decision are different. The economics of the outcome are different too.