Currenex

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Currenex
Type Private (subsidiary of State Street Corporation)
Industry FX market, Money market
Founded New York, NY (1999)
Headquarters New York, NY, US
Area served Worldwide
Key people Clifford Lewis (CEO)
Rodney Yoshida (CFO)
Harsha Bhat (CTO)
Services Executable Streaming Prices (ESP), Request for Quotation (RFQ), Algorithmic trading, Prime brokerage, Straight Through Processing (STP)
Parent State Street
Website http://www.currenex.com

Currenex, Inc. is a New York based company that provides a platform for the electronic foreign exchange market providers. It focuses on connecting buy and sell side forex traders using the FIX protocol and other application programming interfaces. It provides the service in it own name as well as for others under white label or private label arrangements.

History[edit]

Currenex was founded in 1994 in Larchmont, NY. It was the first online multi-dealer foreign exchange trading platform. The original name of the company was Waldron Management. The name was changed to Currenex in 2000 when it was sold to an investor group. Its headquarters are in New York which remains its principal office. In 2007 was bought by State Street Corporation for $564 million after which it became a operating division of State Street. It has offices in New York, Redwood City California, Chicago, Vancouver, and London.

Technology[edit]

Key part of Currenex's business is its trading platform and Currenex holds several patents which focus on lowering latency and improving execution technology.[1] Traders can trade spot, forwards, swaps, and loans and deposits with a counterparty in a chosen currency.[2] Currenex offers Executable Streaming Prices (ESP), Request for Quotation (RFQ), Benchmarking, Algorithmic Trading, and complete Prime brokerage functionality[3] with integrated Straight Through Processing (STP).

References[edit]

  1. ^ Patents: United States 0162655; United States 0162657; United States 0162656; United Kingdom GB2379063; United Kingdom GB2392525; United Kingdom 390726; United States US6807635B1; United States US7627520B2.
  2. ^ Forex Trading
  3. ^ Currenex | About Us - Prime Broker Relationships

External links[edit]