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- Currenex wins top honors in Euromoney's FX Poll
Boston, May 12, 2008 — Currenex was ranked No. 1 in Customer Satisfaction for Speed of Execution and No. 1 in Customer Satisfaction for Competitive Pricing. FX Connect was ranked No. 1 in Customer Satisfaction for Straight Through Processing (STP).
- Overcoming current obstacles
on the path towards true webbased
STP FX connectivity
LONDON - Capital Forex, the FX arm of online trading company London Capital Group, is white-labelling Currenex's technology to break into the retail foreign exchange market.
- Overcoming current obstacles
on the path towards true webbased
STP FX connectivity
 e-Forex Magazine - Bill
Specht, Director of Systems
Architecture at FX trading
platform Currenex, commented, “At Currenex we support the move towards this
environment and the growth of
FIX. When we started at
Currenex, every participant had a
different connection and had
different behaviour. FIX has
brought standardisation to the
market and made it much easier to
support a diverse client base.
- State Street Completes Acquisition of Currenex
BOSTON – March 5, 2007 — State Street Corporation (NYSE: STT), the world’s leading provider of financial services to institutional investors, announced today that it has completed the closing of its acquisition of Currenex.
- Currenex hire to expand electronic trading into new asset classes
Tomas Zikas develops key relationships to introduce trading activity in new asset classes
NEW YORK– February 12, 2007 – Currenex, Inc., a leading provider of foreign exchange and money market trading solutions for banks, funds and corporations, announced that Tomas Zikas has taken the role of Managing Director of New Business Development. In response to demand from Currenex’s core customer base, he was brought onboard to expand the reach of Currenex’s business into additional asset classes.
- State Street to Acquire Currenex: Acquisition will accelerate State Street's Participation in Fast Growing Electronic Foreign Exchange Trading Marketplace
State Street’s FX Connect® and Currenex Will Deliver the Most Comprehensive Set of Trading Capabilities Available in the Industry
BOSTON – January 22, 2007 —State Street Corporation (NYSE: STT), the world’s leading provider of financial services to institutional investors, announced today that it has agreed to acquire Currenex, an independently owned online foreign exchange trading platform. Currenex is a market leader in the active-trading segment of the foreign exchange market, serving banks, corporations, hedge funds and other active trading firms. The acquisition will accelerate State Street’s participation in the fast growing electronic foreign exchange trading marketplace.
- Currenex delivers advanced technology to extend dominance in FX
Recent software upgrade provides the most order types, including Conditional Orders, allowing better management of positions and automated order entry
LONDON – January 22, 2007 – Currenex recently upgraded its FX trading services to include order management tools and functionality that give more control to traders while streamlining the trade experience. For the month following the upgrade on December 18th, average daily trade volume for Currenex has continued to trend higher, sustaining a threefold increase compared with the same period from the previous year.
- Currenex Announces OpenSTP/FX Industry Initiative
Free Technology Protocol to Create Efficiencies in FX Settlement
NEW YORK – November 6, 2006 – Currenex today announced the delivery of “OpenSTP/FX,” an Open Standard FIX-based STP protocol for Foreign Exchange, Money Markets and precious metals.
- Currenex Commences Catalyst Program for Algorithmic and Treasury Management Systems
NEW YORK, October 16, 2006 - Currenex announced the participation of third party software providers in a Catalyst Program designed to confer “Partner” status to those participants meeting and maintaining strict security and integration protocols.
- PFG Forex partners with Currenex for institutional interbank access
 CHICAGO, September 5, 2006 - To keep pace with its burgeoning online Forex business, Peregrine Financial Group, Inc. (PFG) announced today it has partnered with Currenex, Inc., named e-FX Best Trading Technology Vendor for 2006, to provide superior FX trading solutions for customers who will access Currenex trading platforms.
- Demystifying Algorithmic Trading
e-Forex Magazine - Currenex's Chief Technology Officer discusses how algorithmic trading models can be thought of as “packets of strategies,” individually conceived and customized to help the trader execute trading tactics with the flexibility to revise strategies swiftly or implement new ones on the fly. They allow both the sell-side and buy-side to take on a greater volume of trades with more efficiency and less chance of error.
- Currenex Launches Streaming Gold and Silver Trading
NEW YORK – August 21, 2006 – Currenex, the leading liquidity aggregator in the foreign exchange market, today announced their support for Gold and Silver trading. Customers can now access gold and silver market prices and submit orders using the Currenex GUI, FIX Protocol, or their Java trading APIs.
-
GeoTrust Strong Authentication Solutions Deployed by Currenex
NEEDHAM, Mass. and NEW YORK– August 7, 2006 – Currenex has announced that digital certificates provided by GeoTrust, a leader in online security solutions, are critical to the success of the Currenex CX Security Protocol. 
- Currenex Named Best Trading Technology Vendor
July 11, 2006 – LONDON – The 3rd annual e-FX awards were presented in New York on Tuesday, July 11, 2006. Hosted by FX Week, the award recognizes industry excellence in electronic foreign exchange from banks and vendors.
- David Hastings Joins Currenex Office
July 10, 2006 – LONDON – David Hastings has joined the Currenex U.K. office as Director, Strategic Relationships (Global Bank Relationships).
- Currenex and Wall Street Systems Improve Post-Trade STP
June 26, 2006 – LONDON – Currenex, Inc. added Wall Street Systems, a leading provider of global treasury and capital markets solutions and services, to its list of partners within Foreign Exchange markets.
- Philips Electronics trades 98% of FX electronically
June 12, 2006 –MONTE CARLO – Jarvis Seaman, senior consultant in the corporate treasury at Philips, disclosed that 98% of FX deals under $50 million at Philips are traded via multi-bank platform Currenex.
- Currenex Applies for Aggregated Liquidity Matching Engine Patent
MAY 23, 2006 – NEW YORK – Currenex, Inc. announced today that it has applied for a patent entitled “System and Method for Providing One-Order Methodology in Over the Counter Markets.” The patent was filed in the US Patent and Trademark office on April 25, 2006. The proprietary system enhances execution performance by reducing or eliminating execution slippage in an aggregated liquidity pool.
- Currenex Launches Algorithmic Trading Platform, CX SmartOrder™
May 9, 2006 – NEW YORK – Currenex, Inc. has introduced CX SmartOrder™, an FX trading platform that allows traders to leverage algorithmic trading models, manage orders, and reduce market impact. This stand-alone platform runs on a trader’s own computer and includes standard trading models as well as a secure environment for Tick by Tick processing of a client’s custom algorithms. The platform aggregates liquidity from diverse sources and displays it in an easy to use format.
- Currenex Offers Staged Order Management
March 9, 2006 - Staged Order Management, Currenex’s block trading tool, is an order management system for clients who require advanced controls to enhance operational risk management. Order staging creates separate and independent roles whereby a Submitter has the ability to upload Staged Orders to the Currenex platform for execution by a Trader who can work and execute a trading order in a controlled manner.
- Harmony in the FX Standards (PDF)
As FX trading is commoditised,
the demand grows rapidly for clear and unambiguous standards for
rapid and complete straight-through processing of the FX deals.
This article was originally published in The Euromoney Foreign Exchange & Treasury Management Handbook 2006. For further information, please visit www.euromoney-yearbooks.com/handbooks
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