Currenex

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Currenex
Currenex Logo.jpg
Founded 1999
Headquarters Currenex is based in New York but has offices in London and Redwood City, Calif., Chicago and Vancouver
Products Forex Trading Platform
Website www.currenex.com

Currenex is an electronic forex market owned by State Street that serves corporate and institutional investors. The platform connects to more than 60 banks and offers spot, forwards and swaps.

State Street also operates another OTC forex market called FX Connect, which is part of State Street's multi-asset class trading platform called Global Link.

History

Currenex, the first multi-dealer platform for institutional foreign exchange, was founded in 1999 and run by a private investor group until March 2007 when it was sold to State Street for $564 million in cash.[1][2]

Products and Services

Currenex's platform offers executable streaming prices (ESP), request for streams (RFS), benchmark trading, algorithmic trading and prime brokerage functionality with fully integrated straight through processing (STP).

Currenex's patented technology is also available to users in privately-branded solutions.

References

  1. State Street Completes Acquisition of Currenex. Currenex.
  2. State Street to Acquire Currenex: Acquisition will accelerate State Street's Participation in Fast Growing Electronic Foreign Exchange Trading Marketplace. Currenex.