Currenex Named Best Trading Technology Vendor

Best Trading Technology Vendor - Currenex, Inc.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. Currenex was compared against other companies, including Cognetec and Lava, by a group of internationally recognized judges.

"Currenex beat the competition by making a real impact on the industry," one judge said. "It has had an impressive ability to create technology that's changed the trading environment as opposed to merely facilitating it."

Currenex’s aggressive approach to innovation has delivered the newest and best technology to the FX marketplace. From its inception the company has had a major focus on invention and technology to transform the FX buying and selling process. Boasting a large portfolio of granted patents, Currenex stands out because of the innovative approach to employing Internet technology with emphasis on superior functionality.

"Currenex is a technology company above all else," commented Clifford M. Lewis, CEO and Chairman of Currenex. "We are outperforming competitors by delivering product enhancement through customer feedback. Through innovation, Currenex has consistently demonstrated itself as the leader in trading technology."

FX-Week ArticleCurrenex combines a unique combination of independent ownership, technical proficiency, market expertise and client-focus to offer reliable, low-cost and secure electronic trading technology through a suite of FX services.  Currenex was the first online trading service to provide live, executable streaming rates (ESP™) from major liquidity providers to clients, and the first to offer integrated benchmark trading. Currenex remains the first and only multi-bank platform to offer both Executable Streaming Prices (ESP™) and Request For Streams (RFS). This year's innovations include patent-pending technology to improve the trading lifecycle as well as the introduction of CX SmartOrder™, an FX trading platform that allows traders to leverage algorithmic trading models, manage orders, and reduce market impact.

Award nominations were open to those working in the electronic FX industry. An e-FX award is viewed as the unrivalled badge of excellence for the market. The awards showcase top class performance and innovation.

 


About Currenex
Currenex®, Inc. is the leading technology provider of foreign exchange Spot, Forward, and Swaps trading solutions for global financial institutions, funds, corporations, banks and other market participants. Offering Executable Streaming Prices (ESP™), Request For Streams (RFS), Benchmark Trading, Algorithmic Trading, and complete Prime Brokerage functionality with fully integrated Straight Through Processing (STP), Currenex connects more than 60 global banks to a superior electronic trading network, making Currenex one of the deepest liquidity pools in Forex. Accessed through a global electronic communications network, Currenex patented technology is also available to users in privately-branded solutions. Additional information can be found at www.currenex.com.

Authorised and Regulated by the Financial Services Authority | Currenex (UK) Limited, 71 Kingsway, London WC2B 6ST, UK.
Registered in England No. 3882136.


Press Contacts:
Currenex:

Richard A. Wright
Currenex, Inc.
212 340 1799
(richard.wright@currenex.com)

Beverley Doherty
Currenex UK Limited
+44 207 400 6212
(beverley.doherty@currenex.com)