Currenex delivers advanced technology to extend
order capabilities
Recent software upgrade provides the most order types, including Conditional
Orders, allowing better management of positions and automated order
entry
 LONDON – January
29, 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 continued to trend higher,
sustaining a threefold increase compared with the same period from
the previous year. Central to the 9.0 Release has been the Advanced
Order Service for traders who use complex order types to enter
and exit positions. Responding to feedback from Currenex White
Label Partners, 15 additional enhancements have successfully been
launched within the Release to deliver robust FX trading solutions.
“As a provider of Currenex services, PFG has found that allowing
highly customizable orders to be submitted in the market gives our Forex trading
clients maximum control when placing orders,” said PFG Chief Operating
Officer Russ Wasendorf, Jr. “Our customers choose strategies that will
deliver on their own objectives, and PFG (www.pfgforex.com)
gives them the tools to do it. This release demonstrates an evolution in
FX that’s remarkably profitable to our platform users.”
In addition to standard order types such as Market, Limit, Stops, Hidden
and Iceberg Orders, Currenex’s Conditional Orders have
been added to allow traders to define separate orders that are linked
to each other and set to react based on predefined parameters. For instance
the second “leg” on one of these orders may be dependent
on the execution of the first and can be configured to act in response;
similarly, both legs may be configured to act in tandem depending on
variables defined by the trader. Currenex Conditional Orders include “If
Done,” “One Cancels Other,” and “If Done OCO.”
Other significant GUI enhancements in the recent 9.0 software release
include a new Totalizer feature that allows a trader to quickly average
spot deals. Improved reporting and printing functionality has been included
in this release in addition to enhancements made to precious metals
trading. Spot, Net & Roll is new functionality that allows customers
to net multiple spot trades on a single currency pair down to a single
exposure and then roll the position forward.
Clifford Lewis, Chairman and CEO added: “In line with Currenex’s
history of innovation, the release of 9.0 marks a continued commitment
to our customers and enables Currenex to maintain its leader status
in FX. Our liquidity and daily volume continue to increase as our customer
satisfaction grows.”
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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