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 has integrated CX OneOrder™ to its existing trading services to ensure optimal execution of orders. The integration of this patent pending technology allows orders to exist simultaneously in multiple liquidity pools. The technology is built on the concept that orders route in an asymmetric relationship across all liquidity. Both Buy and Sell sides benefit from this Currenex augmentation because more orders can be filled at a faster rate. By using CX OneOrder™, a trader’s resting limit orders participate in multiple liquidity pools, increasing the likelihood of a match.
“We recently began trading on Currenex and are pleased with the execution speed and added value that Currenex provides RGM,” commented Jeff Bone, General Manager of Foreign Exchange at RGM
Advisors. “We value execution quality—low latency and slippage are key metrics to us. Currenex is very efficient and gives us access to a broad array of liquidity venues.”
Currenex now leverages several patents to deliver optimal execution in the fastest markets. Transactions average 12 milliseconds, delivering less slippage on models and more efficiency for traders. Traditional routing technologies leave orders “in limbo” when real-time prices arrive in a separate liquidity pool and the order must be cancelled, then resubmitted. CX OneOrder™ integrates fragmented markets so that “hunting” is rarely necessary and orders exist and execute across multiple liquidity pools. Each order can only be executed once and there is no risk of multiple fills on the same order.
“We’ve developed this unique order matching technology to enhance performance. Currenex will continue its tradition of innovation to expand our patent portfolio as the markets evolve and gain in efficiency,” commented Clifford M. Lewis, CEO and Chairman of Currenex.
A matching and execution platform enhancement, CX OneOrder™ shrinks the disparate market to a single execution venue to allow Optimal Execution Performance™. The result is better fills and fewer missed trades.
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.
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