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Last edited by 2001:569:7BC3:6900:252A:F0C4:C26B:6345 (talk | contribs) 0 seconds ago. (Update)

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Comment: In accordance with the Wikimedia Foundation's Terms of Use, I disclose that I have been paid by my employer for my contributions to this article. 2001:569:7BC3:6900:252A:F0C4:C26B:6345 (talk) 17:36, 24 June 2025 (UTC)

Monex Canada Inc.

Monex Canada Inc. is a Toronto-based foreign exchange company that offers financial services to corporate clients. It is a subsidiary of Monex Europe, part of the global Monex group headquartered in Mexico City under Holding Monex. The company was established in 2017 and has since expanded its footprint across Canada.

History

Monex Canada was launched in 2017 as part of the Monex Group’s strategic effort to expand its corporate foreign exchange services into North America. The company quickly established a foothold in the Canadian market, executing over US$3 billion in FX trades in its first year of operations.

Under the leadership of Anil Sawrup, Monex Canada has continued to grow its presence across Canada, with increased traction in markets such as Quebec and Western Canada.

Operations

Monex Canada Inc. provides foreign exchange and international payment services to corporate and institutional clients across Canada. The company operates as part of the broader Monex Group’s global infrastructure, benefiting from its international presence while delivering regionally focused solutions from its headquarters in Toronto, Ontario.

The firm's operations center on commercial foreign exchange trading, currency risk management, and cross-border payment execution. Monex Canada offers both spot and forward contracts, as well as tailored hedging strategies designed to help businesses manage currency exposure and volatility. Clients range from mid-sized Canadian exporters and importers to multinational firms with complex treasury needs.

In addition to its core FX trading desk, Monex Canada provides real-time market analysis, economic commentary, and consultative support through its in-house strategy team. Its operations are closely integrated with Monex Europe and Monex USA, enabling clients to access multi-market liquidity and global payment networks.

Since launching in 2017, Monex Canada has expanded beyond its Toronto base, building client relationships in Quebec, Alberta, and British Columbia. The company continues to invest in both personnel and technology to support its Canadian growth strategy.

Monex Canada also regularly provides expert commentary on topics impacting Canadian businesses, including currency markets, international trade, interest rates, and global macroeconomic trends.

Services

Monex Canada specializes in:

Foreign exchange (FX) trading
Corporate currency risk management
Global payment solutions
Market analysis and hedging strategies

These services are tailored for institutional and corporate clients looking to manage currency exposure in global markets.

Industries Served

Monex Canada serves a diverse range of industries across the Canadian and international markets. Its clients operate in sectors such as engineering, alternative investment funds, travel, leisure and hospitality, retail and wholesale, and manufacturing. The company also supports businesses in logistics, natural resources, renewable energy, financial services, and technology, as well as in media, telecommunications, healthcare, and pharmaceuticals and biotechnology. Additionally, Monex Canada provides foreign exchange and payment solutions to organizations in business services, agriculture, real estate and construction, transport, and utilities, offering tailored strategies to manage currency exposure and facilitate global operations.

Milestones

2017: Company founded in Toronto, Ontario
2018: Surpassed US$3 billion in FX trades within first 12 months
2022–2024: Geographic and service expansion across Eastern and Western Canada
2024: Strengthened leadership team and technological infrastructure

Leadership

Anil Sawrup was appointed as Chief Executive Officer of Monex Canada Inc. in February 2024. With more than two decades of experience in the financial services sector, he brings a strong track record in international payments and FX markets.

Before joining Monex Canada, Sawrup held senior leadership roles at Cambridge Global Payments, including worldwide Commercial Officer and Managing Director, where he led major growth and profitability initiatives. He also served as Head of Sales (Americas) at Moneycorp, where he strengthened market strategy and North American expansion.

Since taking the helm, Sawrup has focused on expanding Monex Canada’s regional presence, hiring key leadership roles, such as the Head of Sales for Quebec and Atlantic Canada, and launching innovative platforms like the FX Portfolio Analysis Report to support client growth and operational excellence.

Under his direction, the company continues to invest in advanced technology, secure FX infrastructure, and strategic hiring to support further growth across Canada.

Parent Company

Monex Canada operates as a subsidiary of Monex Europe, and is ultimately owned by Holding Monex, a publicly listed financial services group headquartered in Mexico. The Monex Group provides services in the U.K., Europe, Asia, and the Americas.

Headquarters

Monex Canada Inc. is headquartered at 66 Wellington Street West, Suite 3520, located in the TD Tower in the heart of Toronto’s financial district. The full address is Toronto, Ontario, M5K 1E7, Canada.

External Links

Official Website

References