Imported from previous forum
November 20, 2003 – Currenex,® the FX trading network and solutions provider, announced the availability of a new F.I.X.-compatible service for streaming FX rates. The new offering will allow market participants to execute trades within Currenex’s Executable Streaming Prices (ESP™) service using the F.I.X. 4.2 protocol.
Currenex’s ESP™ service enables price makers to transmit and refresh in real-time spot bids and offers to customers, who can then execute off displayed prices directly or in the name of a prime broker. The company said ESP™ trading has contributed significantly to double digit volume growth within the first four months of the service’s launch. The F.I.X. service was introduced at the request of a number of price makers interested in ESP™ trading.
According to Clifford Lewis, Currenex’s CEO, “Much of our success has come from developing reliable APIs and simplifying the connections among price makers, takers and ourselves. The F.I.X. gateway enables straight through processing and simplified integration of Currenex’s service with a broad sector of institutions using the protocol. This is an important further step in the process of making trading more efficient, expanding our customer base and providing additional liquidity to our dealer and prime brokerage customers.”
Sean Gilman, Currenex’s Chief Technology Officer, said the company intends to establish F.I.X. certification with all major F.I.X. OMS (order management systems) so that it can provide FX execution to the established F.I.X. community.
About Currenex®
Currenex is the leading low cost technology provider of foreign exchange and money market trading solutions for global financial institutions, funds, corporations and other market participants. Through private branded systems as well as a global electronic communications network of FX price makers, prime brokers and intermediaries, Currenex supports real-time, auditable, online trading across all currencies 24 hours a day.
Contact: Sean Gilman – 1 (914) 921-8208