GeoTrust Strong Authentication Solutions Deployed by Currenex
GeoTrust’s True Credentials and Enterprise SSL Digital Certificates Used to
Authenticate and Secure Trading Partners for Global Financial Transactions
NEEDHAM, Mass. and NEW YORK– August 7, 2006 – Currenex, a leading provider of financial services software for global transactions, 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. The CX Security Protocol is a series of security measures implemented to protect client information and trade data throughout the entire trade lifecycle. GeoTrust serves as the exclusive digital certificate provider for Currenex’s electronic trading platforms.
Currenex’s award-winning proprietary foreign exchange trading solutions are used by global financial institutions, including funds, corporations, banks and other market participants, to conduct high-value transactions over the Internet. Currenex uses GeoTrust’s True Credentials® digital certificates to authenticate individual identities and GeoTrust’s Enterprise SSL™ certificates to secure online transactions. Together, these provide the highest levels of security where the average transaction is $3 million in value.
“At Currenex we have implemented comprehensive security measures at every point of the trading process to ensure complete protection of user data and full member confidentiality,” said Clifford M. Lewis, CEO and Chairman of Currenex. “We chose GeoTrust as our digital certificate partner because they provided us with the flexibility that allows us to customize our enrollment and approval processes. This allows us to issue digital credentials easily and authenticate our users to protect their trade data and provide a secure medium for electronic transactions.”
To ensure that its members benefit from highly secure electronic transactions, Currenex focuses on three key factors:
- Authentication – Confirming user identities
- Message Integrity – Ensuring communications are not altered in any way
- Message Privacy – Encrypting each message to maintain confidentiality
Currenex employs a two-factor authentication model that requires users to present a valid digital certificate and a unique User ID and password to log on to Currenex's services. To maintain the integrity and confidentiality of communication to its clients, all connections to Currenex's services are conducted across mutually authenticated 128-bit RC4 encrypted SSL sockets.
“Currenex was at the forefront of strong authentication long before regulatory bodies made it a requirement,” stated Neal Creighton, CEO of GeoTrust. “In the foreign exchange market, which exceeds $1 trillion dollars per day in transactions, the potential for online fraud is great. By adopting a multi-layered approach to security based on GeoTrust solutions, including authentication, encryption and privacy protection, Currenex has created an environment that sets new standards for online security.”
All GeoTrust solutions leverage strong cryptographic encryption. True Credentials offers an application programming interface that allows Currenex to integrate GeoTrust’s managed digital certificate functionality seamlessly into its own operating environments for greater flexibility and automation of the certificate registration and enrollment process.
For more information about GeoTrust’s strong authentication solutions, contact GeoTrust at www.geotrust.com or call 1-800-944-0492. Contact Currenex, Inc. at www.currenex.com or call 1-888-377-8723 for more information about its custom FX trading solutions and flexible trade platforms.
About GeoTrust, Inc.
GeoTrust is the leader in identity verification, credentialing and validation solutions, and the
fastest growing Certificate Authority, according to market research firm Netcraft. Its
products include Web security services for secure e-commerce transactions, identity
verification for consumers, managed security services for enterprises, digital signing for
documents and computer code, and TrustWatch (www.TrustWatch.com), a free toolbar and
search site that helps consumers recognize whether a site has been verified and is safe for
the exchange of confidential information. With more than 100,000 companies worldwide
using its technology for online security, GeoTrust has rapidly become the second largest
digital certificate provider in the world. The company recently acquired TC TrustCenter, a
leading European Certificate Authority and provider of advanced enterprise security and
smart card solutions. Visit www.geotrust.com or www.trustcenter.de for more information.
for more information.
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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