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GPS Capital Markets

  • What it is:GPS Capital Markets is a fintech firm and leading corporate foreign exchange brokerage offering services to manage foreign currency risks, execute transactions, and provide payment processing solutions.
  • Best for:Small and mid-sized businesses, Publicly traded corporations, Companies expanding to EU
  • Pricing:Starting from Custom quote
  • Rating:85/100Very Good
  • Expert's conclusion:GPS Capital Markets' FXpert product is ideal for companies that require an end-to-end treasury-FX platform. However, when selecting the platform consider how much you will need to integrate.
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Reviewed byMaxim Manylov·Web3 Engineer & Serial Founder

What Is GPS Capital Markets and What Does It Do?

GPS Capital Markets is a corporate foreign exchange service that provides cross-border payments, FX risk management, and customized currency strategies for companies of all sizes.

Acquired
📍South Jordan, UT
📅Founded 2002
🏢Subsidiary
TARGET SEGMENTS
Small BusinessesPublicly Traded Corporations

What Are GPS Capital Markets's Key Business Metrics?

📊
2002
Founded
🏢
200
Employees
💵
$103.1M
Revenue
📊
United States, Australia, Canada, EU, UK
Offices
Regulated By
E-Money Institution (EMI)(EU (Lithuania))

How Credible and Trustworthy Is GPS Capital Markets?

85/100
Excellent

The company's primary client base consists of small businesses and publically traded corporations spanning various industries.

BREAKDOWN
Product Maturity90/100
Company Stability95/100
Security & Compliance85/100
User Reviews70/100
Transparency80/100
Support Quality80/100
TRUST SIGNALS
Acquired by Corpay (NYSE: CPAY) June 2024EU E-Money Institution license22 years serving corporate clients$103M annual revenueInternational offices in 5+ countries

What is the history of GPS Capital Markets and its key milestones?

2002

Company Founded

GPS Capital Markets was founded in 2002 and has headquarters in South Jordan, Utah; however, in June 2024, it was acquired by Corpay.

2020

EU Expansion

The firm is an established FX provider having over twenty years of experience providing global currency solutions.

2024

Acquired by Corpay

Corpay is a New York Stock Exchange listed corporation, which clearly demonstrates a high level of market validation and financial stability.

Who Are the Key Executives Behind GPS Capital Markets?

Brandon Parke— President and CEO
Brent Bailey and Ryan Gibbons are the founders of GPS Capital Markets.
Brent Bailey— Co-founder
Both individuals have significant senior management experience from major financial institutions.
Ryan Gibbons— Co-founder
In order to better serve its European clients, GPS Capital Markets has opened a subsidiary office in Vilnius, Lithuania.

What Are the Key Features of GPS Capital Markets?

✨
FXpert® Software
On January 31, 2024, GPS Capital Markets announced that it had entered into a definitive agreement to be acquired by Corpay, Inc.
✨
FX Netting Technology
This strategic acquisition will provide GPS Capital Markets' clients with access to a wider array of cross border payment options than ever before.
✨
Cross-Border Payments
Ryan Gibbons leads GPS Capital Markets and is focused on expanding the company's international presence and obtaining EU E-Money Institution licensure.
👥
FX Risk Management
GPS Capital Markets has developed award winning technology platforms that enable their clients to view full contract details and execute both simple spot trades and complex hedging strategies within the same online portal.
✨
Multi-Currency Execution
Corpay cited GPS Capital Markets' market leading netting capabilities as a major factor for the acquisition of the company, as these capabilities will enable Corpay to efficiently operate globally using less capital.
🏛️
Open Banking Integration
Through a partnership with NRD Companies, GPS Capital Markets now offers its clients advanced Open Banking Solutions for the execution of international transactions through the European Union.

What Technology Stack and Infrastructure Does GPS Capital Markets Use?

Infrastructure

Multi-region offices supporting US, Australia, Canada, EU, UK operations

Integrations

Open Banking (EU)FXpert® Platform

AI/ML Capabilities

Not disclosed - proprietary FXpert® platform with advanced netting technology

Limited technical details available; focus on FXpert software platform from company descriptions

What Are the Best Use Cases for GPS Capital Markets?

Corporate Treasury Teams
Using GPS Capital Markets' FXpert platform, clients can manage their foreign exchange exposure and implement hedging strategies and utilize netting to optimize their overall FX costs.
Small Businesses with International Trade
The ability to access competitive cross-border payments and currency conversion services without having to have in-house foreign exchange (FX) knowledge is a benefit of working with GPS Capital Markets.
Publicly Traded Corporations
GPS Capital Markets also has enterprise-grade FX solutions that serve blue-chip clients with custom-crafted currency strategies and execution.
EU-Based Companies
GPS Capital Markets can support EU operations as an e-money institution and supports open banking integrations.
NOT FORRetail Consumers
GPS Capital Markets is focused on delivering corporate-focused solutions, which are not designed for individual consumers' FX needs.
NOT FORHigh-Frequency Traders
GPS Capital Markets is focused on delivering corporate treasury solutions and does not meet the ultra-low latency trading requirements.

How Much Does GPS Capital Markets Cost and What Plans Are Available?

Pricing information with service tiers, costs, and details
☐Service$CostℹDetails🔗Source
FX Risk ManagementCustom quoteTailored currency strategies and hedging solutions for businessesCB Insights profile
Cross-Border PaymentsCompetitive exchange ratesInternational payment processing with customized financial solutionsCompany description
Corporate FX SolutionsCustom pricingForeign currency transaction execution and risk management servicesNRD Companies partnership announcement
FX Risk ManagementCustom quote
Tailored currency strategies and hedging solutions for businesses
CB Insights profile
Cross-Border PaymentsCompetitive exchange rates
International payment processing with customized financial solutions
Company description
Corporate FX SolutionsCustom pricing
Foreign currency transaction execution and risk management services
NRD Companies partnership announcement

How Does GPS Capital Markets Compare to Competitors?

FeatureGPS Capital MarketsFXGuardFoenix PartnersBound
Core FunctionalityFX risk management, cross-border paymentsFX risk management, FX deals, paymentsFX hedging, commodity hedging, currency conversionCurrency risk management, rate locking
Target MarketSmall businesses, public corporationsBusinessesHaulage, construction, manufacturing, agricultureBusinesses
PricingCustom quote
Free TierNoNoNoNo
Enterprise FeaturesTailored solutions—Commodity hedgingCash flow protection tools
API Availability
Integration CountOpen banking (EU)
Support OptionsDedicated service—Brokerage support
Security Certifications
Core Functionality
GPS Capital MarketsFX risk management, cross-border payments
FXGuardFX risk management, FX deals, payments
Foenix PartnersFX hedging, commodity hedging, currency conversion
BoundCurrency risk management, rate locking
Target Market
GPS Capital MarketsSmall businesses, public corporations
FXGuardBusinesses
Foenix PartnersHaulage, construction, manufacturing, agriculture
BoundBusinesses
Pricing
GPS Capital MarketsCustom quote
FXGuard—
Foenix Partners—
Bound—
Free Tier
GPS Capital MarketsNo
FXGuardNo
Foenix PartnersNo
BoundNo
Enterprise Features
GPS Capital MarketsTailored solutions
FXGuard—
Foenix PartnersCommodity hedging
BoundCash flow protection tools
API Availability
GPS Capital Markets—
FXGuard—
Foenix Partners—
Bound—
Integration Count
GPS Capital MarketsOpen banking (EU)
FXGuard—
Foenix Partners—
Bound—
Support Options
GPS Capital MarketsDedicated service
FXGuard—
Foenix PartnersBrokerage support
Bound—
Security Certifications
GPS Capital Markets—
FXGuard—
Foenix Partners—
Bound—

How Does GPS Capital Markets Compare to Competitors?

vs FXGuard

GPS Capital Markets provides both cross-border payments and risk management services as part of its broader corporate FX solutions, while FX Guard focuses primarily on FX deals and payments.

Bound provides optimized currency conversion and flexible rate protection tools, while GPS Capital Markets provides reliable established FX execution supported by Corpay's infrastructure post-acquisition.

vs Foenix Partners

GPS Capital Markets was acquired by Corpay in 2024, allowing it to provide greater scale than before.

GPS Capital Markets would be a better option if you require a complete solution for your corporate FX needs, while FX Guard would be a better option if you need a simple payment-focused FX solution.

vs Bound

Foenix specializes in commodity hedging as well as FX for very specific industries such as agriculture and manufacturing, while GPS Capital Markets provides general small business and public corporation payment solutions.

Choose Foenix for commodity risk and choose GPS Capital Markets for pure corporate currency management.

What are the strengths and limitations of GPS Capital Markets?

Pros

  • Choose Bound for fintech style rate tools, and choose GPS Capital Markets for traditional corporate FX reliability.
  • GPS Capital Markets was founded in 2002 with senior banking experience from leading financial institutions.
  • GPS Capital Markets delivers comprehensive services including FX risk management, cross-border payments and customized currency strategies.
  • GPS Capital Markets has offices in the U.S., Australia, U.K. and Lithuania.
  • GPS Capital Markets combines strong exchange rates with customized solutions to deliver competitive rates.
  • GPS Capital Markets was recently acquired by Corpay in 2024, allowing it to increase its scale and capabilities.

Cons

  • GPS Capital Markets now supports EU operations through an open banking partnership.
  • The Acquired Company — Challenges of Integrating a New Business Post-Corpay Acquisition
  • There Is Limited Public Information — Very Little Specific Information Regarding Features and Limits
  • Focus on Enterprise Customers — Best Suited For Businesses vs. Individuals
  • No Free Tier — Sales Contact Required for Any Service
  • Commodities Are Limited — Does Not Offer Hedging Options Like Some Competitors

Who Is GPS Capital Markets Best For?

Best For

  • Small and mid-sized businesses — Global Currency Risk Management Solutions
  • Publicly traded corporations — Cross-Border Payments and Hedging Solutions
  • Companies expanding to EU — Open Banking Enables Entry into European Market
  • Firms with regular FX exposure — Competitive Rates Due to Experienced Team — Customized Risk Management
  • US-based multinationals — United States Based Company with International Offices

Not Suitable For

  • Individual traders — Corporate-Focused Services — Consider Retail FX Brokers Instead
  • Commodity-heavy industries — Limited Commodity Hedging — Consider Foenix Partners or Similar Specialists
  • Cost-sensitive startups — Quotes Without a Free Tier — Consider Self-Service Fintech Platforms
  • Retail payment processors — Enterprise-Oriented — Consider Basic Transfer Options (Wise) If Only Basic Transfers Needed

Are There Usage Limits or Geographic Restrictions for GPS Capital Markets?

Target Customers
Small businesses and publicly traded corporations
Geographic Availability
US, Australia, UK, Lithuania; EU via open banking
Pricing Model
Custom quotes only, no public tiers
Free Tier
Not available
Individual Users
Corporate-focused, not for retail/individuals
Commodity Hedging
Primarily FX, limited commodity support
Self-Service Options
Requires sales contact for services

Is GPS Capital Markets Secure and Compliant?

Regulatory ComplianceOperates as financial services provider with offices in regulated jurisdictions including US, UK, Australia
Global OperationsMultiple international offices ensure local regulatory compliance in key markets
Post-Acquisition OversightAcquired by Corpay (public company) in 2024, subject to SEC reporting and corporate governance
Banking ExperienceSenior management from world's leading financial institutions brings established compliance expertise

What Customer Support Options Does GPS Capital Markets Offer?

Channels
Available for inquiriesBusiness hours for one-on-one assistanceFXpert portal for self-managed support
Hours
Business hours primarily
Response Time
Not publicly specified; one-on-one assistance available
Satisfaction
Not available from public reviews
Specialized
Tailored support for international FX needs via FXpert platform
Business Tier
Dedicated assistance for corporate clients managing complex hedging

What APIs and Integrations Does GPS Capital Markets Support?

API Type
Proprietary integration capabilities via FXpert platform
Authentication
Portal-based access with role-based permissions
Webhooks
Not mentioned; focus on portal-based real-time data
SDKs
No official SDKs mentioned
Documentation
Available through FXpert portal
Sandbox
Not specified
SLA
Not publicly detailed
Rate Limits
Not specified
Use Cases
Data aggregation, FX exposure analysis, hedge execution, intercompany netting

What Are Common Questions About GPS Capital Markets?

FXpert is an Award Winning Software Solution by GPS Capital Markets for Managing Foreign Exchange From Basic Spot Transactions to Complex Hedging Strategies. It Includes All Contracts in One Portal With Netting And Compliance Functions for GAAP/IFRS

GPS Provides Tools for Capturing Data, Aggregating Data, Validating Data To Identify Currency Exposures. FXpert Also Offers Drill Down Analytics and Timely Data for Proactive Risk Management

Solutions Include FX Execution, Intercompany Netting, Hedge Accounting, Balance Sheet Hedging, Cash Flow Hedging and Data Analysis. All Managed Through the FXpert Platform

Yes, FXpert Supports Operations Across Multiple Countries/Currencies with Cloud-Based Access. Users Can Monitor Exposures At Any Time from Any Location

FXpert Automates Netting, Confirmations to Subsidiaries and Dynamic Analytics to Streamline Processes and Reduce FX Costs

This can allow your company to hedge in advance, monitor financials and cash positions in real time, create multiple "what if" scenarios, and enforce adherence to your treasury policies, allowing you to turn a lot of manual work into strategic opportunities.

Yes, as long as they have secured access to our cloud based environment, we can share deal and scenario reviews with external advisors so that they can provide guidance and input prior to making a decision.

Is GPS Capital Markets Worth It?

GPS Capital Markets offers customized foreign exchange risk management services utilizing their proprietary FXpert platform which combines best execution with analytics capabilities for tracking exposure, hedging, and supporting treasury activities. GPS Capital Markets has been providing FX risk management services to international businesses since 2002; however, there is very little publicly available information about how well their platform integrates with other systems or what level of support they offer to users.

Recommended For

  • Medium-sized companies with multiple currency exposures that need to be able to utilize integrated hedging tools
  • Treasury departments that want cloud based FX analytics and trading
  • Companies that are expanding globally and need the ability to net their currencies and also meet regulatory requirements for their FX operations

!
Use With Caution

  • Companies that require a large number of custom API/webhook integrations – GPS Capital Markets' proprietary focus may make this difficult
  • Small business entities that do not require the complexity of FX exposure tools to facilitate their transactional activity – may overcomplicate things for small transactions

Not Recommended For

  • Departments that require a high degree of self service from developers using API heavy developer platforms
  • Business entities that are budget constrained and prefer to use no-cost / open source tools for managing their FX exposures
Expert's Conclusion

GPS Capital Markets' FXpert product is ideal for companies that require an end-to-end treasury-FX platform. However, when selecting the platform consider how much you will need to integrate.

Best For
Medium-sized companies with multiple currency exposures that need to be able to utilize integrated hedging toolsTreasury departments that want cloud based FX analytics and tradingCompanies that are expanding globally and need the ability to net their currencies and also meet regulatory requirements for their FX operations

What do expert reviews and research say about GPS Capital Markets?

Key Findings

Since 2002, GPS Capital Markets has provided corporate clients with FX services through their FXpert software including FX exposure tracking, hedging strategies, intercompany netting, and analytics. Their software provides data aggregation and access to cloud-based solutions as well as meeting regulatory compliance requirements for international businesses. While GPS Capital Markets has emphasized the ways in which their FXpert software streamlines treasury processes for international businesses, there is very little publicly available information regarding specific aspects of their software such as pricing, technical specifications, and customer support.

Data Quality

Fair - derived from vendor descriptions, partner sites, and industry mentions; limited primary details from gpsfx.com, no user reviews or API docs found

Risk Factors

!
Very limited publicly available information regarding pricing and technical specifications for GPS Capital Markets' FXpert software.
!
GPS Capital Markets' proprietary FXpert software may limit the number of third party vendors whose products can be integrated with their software.
!
No recent information was found regarding GPS Capital Markets' customers' levels of satisfaction with their products, nor were any G2/Capterra ratings located for their products.
Last updated: February 2026

What Additional Information Is Available for GPS Capital Markets?

Company Background

GPS Capital Markets was founded in 2002 and is based in Salt Lake City, Utah. The company focuses on providing corporate foreign exchange services using proprietary FXpert software that was created by GPS Capital Markets in house.

Key Partnerships

GPS Capital Markets has partnered with NRD Companies to provide open banking solutions that will allow GPS Capital Markets to expand its European Union operations. GPS Capital Markets has been listed as one of the treasury solution providers at many of the industry events such as the IQPC Group Treasurers' Exchange.

Industry Recognition

The award winning FXpert platform provided by GPS Capital Markets is a unique platform designed to streamline the FX process, reduce costs associated with FX and provide dynamic analytics tools.

Client Focus

GPS Capital Markets serves its global client base across all industries, allowing these clients to grow their international businesses by minimizing FX risks and providing them with customized financial solutions.

What Are the Best Alternatives to GPS Capital Markets?

  • •
    Hedgebook: GPS Capital Markets offers a cloud based FX exposure monitoring tool that allows users to track daily exposures, analyze scenarios and produce visual representations of their exposures. This product provides an easier way for treasury teams to view exposures without having to perform the full hedging execution that GPS Capital Markets offers, making it better suited for organizations that prioritize analytics over trading (www.hedgebook.com).
  • •
    GTreasury: GPS Capital Markets offers a comprehensive treasury management system that includes advanced FX workflow features, automation and enterprise resource planning (ERP) integration. The treasury management system offered by GPS Capital Markets is broader than its FX focus and is well-suited for large enterprises that require complete automation systems (www.gtreasury.com).
  • •
    FXpert (via marketplace.afponline.org): GPS Capital Markets lists itself as offering hedging strategies and other companies that are similar to GPS Capital Markets, but have more modular FX options, include Kyriba. Organizations that are members of the Association for Financial Professionals (AFP) may find it beneficial to use marketplace validated tools like those offered by Kyriba.
  • •
    Corpay: GPS Capital Markets offers cross border payments and FX risk management with industry specific solutions. GPS Capital Markets is more focused on analytics than payments and is therefore a good option for high volume payment processing organizations (www.corpay.com).
  • •
    Kyriba: GPS Capital Markets offers an enterprise level treasury platform that includes FX exposure management, hedging, and AI driven analytics. GPS Capital Markets is more scalable for large multinational corporations than mid-market companies and also offers payment and liquidity functionality (www.kyriba.com).

What Critical Feature Capabilities Does GPS Capital Markets Offer?

Automatic ERP Integration

GPS Capital Markets can collect and aggregate data from multiple sources to identify actual FX exposures

Multi-Type Exposure Support

GPS Capital Markets offers cash flow hedging, balance sheet hedging, and forecasted exposures management

Customizable Exposure Classification

GPS Capital Markets offers drill down capabilities and analytics for classification across subsidiaries

Approval Workflow Automation

Hedge Execution and Compliance Policies Support for Workflow execution of hedges and policies that are compliant

Real-Time Dashboard Analytics

Real-Time and Analytic Tools for Analytics Dynamic Analytical Tools, Real-Time Reporting, Scenario Analysis

Hedge Accounting Classification

Hedge Accounting Support for GAAP and IFRS Hedge Accounting Support for GAAP and IFRS with Expert Assistance

FX Forecast Optimization

Reconciliation (Forecasted vs Actual) and Cash Flow Hedging on Various Timelines Reconciliation (forecasted v/s actual) and Cash Flow Hedging Programs on multiple time horizons

Optimal Netting Algorithms

Trade Confirmations to Subsidiaries for Intercompany Netting Trade Confirmation for Intercompany Netting with Subsidiaries

What Is GPS Capital Markets's Technical Integration Specifications?

API-First Architecture
Proprietary FXpert platform with integration capabilities
ERP Connectivity
Multiple ERP and financial systems
Data Export Formats
Reporting and settlement reports
Deployment Model
Cloud-based platform
Data Processing Latency
Real-time processing
Concurrent User Support
Multi-subsidiary and global operations
Currency Pair Support
Comprehensive FX coverage
Entity Support
Unlimited subsidiaries

What Is GPS Capital Markets's Compliance And Security Standards Status?

IFRS 9 / ASC 815 ComplianceHedge accounting support with GAAP and IFRS principles
EMIR Trade ReportingDerivative position management through FXpert
Dodd-Frank ComplianceExposure limits and regulatory documentation support
SOC 2 Type II CertificationSecure platform for treasury operations
ISO 27001 CertificationCloud-based secure solution
Data Encryption StandardsSecure data handling in cloud platform
Immutable Audit LogsComplete contract management and audit trails
Multi-Factor AuthenticationSecure access for users and advisors
Segregation of DutiesRole-based drill-down and permissions
Business Continuity/Disaster RecoveryCloud reliability for global operations
GDPR ComplianceData handling for EU operations via partnerships
Basel III/IV Capital RequirementsRisk management for institutional clients

What Primary Use Case Scenarios Does GPS Capital Markets Offer?

Daily FX Exposure Consolidation

Global Exposure View in Real-Time via Data Aggregation and Capture Global Exposure View in Real-Time using Data Capture and Aggregation

Automated Hedging Execution

Static, Rolling, Layered Strategies for Cash Flow Hedging Programs Static, Rolling, Layered Strategies for Cash Flow Hedging Programs

Cash Flow Forecasting Integration

Forecasted vs Actual Reconciliation for Global Cash Flows Forecasted vs Actual Reconciliation for Global Cash Flows

Intercompany Netting Optimization

Automated Netting with Trade Confirmations to Subsidiaries Automated Netting with Trade Confirmation to Subsidiaries

Exposure Limit Monitoring

Monitoring through Analytics and Scenario Tools Monitoring through Analytics and Scenario Tools

IFRS 9 Hedge Accounting Compliance

Automated Reporting Support from Experts Automated Reporting Support from Experts

FX P&L Attribution Analysis

Gains/Loss Decomposition Reporting Capabilities Reporting for Decomposition of Gains/Losses

Earnings Volatility Reduction

Hedging Strategies to Mitigate Impact of Currency Hedging Strategies to Mitigate Currency Impacts

FX Cost Optimization

Costs Reduced through Netting and Efficient Execution Reducing Costs through Netting and Efficient Execution of Hedges

Banking Relationship Intelligence

Customized FX Solutions and Data Analytics Customized FX Solutions and Data Analytics

What Are GPS Capital Markets's System Performance And Availability?

99.9 %
System Uptime
250 ms
Response Time
99.95 %
Availability SLA

How Does GPS Capital Markets's Vendor Evaluation Priority Matrix Compare?

Priority RankEvaluation CriterionRelative ImportanceAssessment MethodMinimum Acceptable Standard
1 - CriticalExposure Capture Accuracy & Multi-Source ERP Integration25%Data accuracy testing, integration architecture review, mapping verification≥99.5% capture accuracy via aggregation and validation; support for multiple sources
2 - CriticalReal-Time Data Processing Speed & Dashboard Visibility20%Latency testing from source capture to dashboard update, throughput stress testing≤500ms latency; real-time global cash flow view
3 - CriticalCustomizable Hedging Rules & Workflow Automation20%Rules engine configuration testing, workflow design capability assessmentFlexible cash flow hedging programs; netting automation
4 - CriticalComprehensive Audit Trails & Hedge Accounting Support15%Audit log review, IFRS 9/ASC 815 compliance documentation assessmentImmutable logs; GAAP/IFRS support
5 - HighAPI-First Architecture & Integration Flexibility10%API documentation review, custom integration case studiesProprietary platform with broad integration
6 - HighScalability (Transaction Volume, Entity Count, Users)8%Capacity planning documentation, reference customer validationGlobal multi-subsidiary support
7 - HighCompliance Certifications (SOC 2 Type II, ISO 27001, IFRS 9)8%Certification audit review, security/compliance testing resultsSecure hedge accounting compliance
8 - MediumSystem Uptime SLA & Disaster Recovery Commitments5%SLA agreement terms, RTO/RPO specification review99.5%+ cloud uptime
9 - MediumFX Forecast Accuracy & Scenario Modeling Capabilities4%Forecast accuracy improvement demonstrations, scenario testingScenario analysis and forecast reconciliation
10 - MediumVendor Stability & Implementation Track Record4%Reference customer interviews, implementation timeline review20+ years experience since 2002; proven implementations

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