Currenex, Inc. is based in New York, New York. This Inc. is providing a platform for the electronic foreign exchange service industry, including private labels. It was established in 1999. The main focus of Currenex is on connecting buy and sell sides and for that it is using the FIX protocol and other application programming interfaces.

Under the terms of an agreement that were originally announced on January 22, 2007, State Street Corporation acquired Currenex for $564 million on March 5, 2007.

Offices of Currenex

Currenex has now become an operating division having its offices in five locations:

1. New York, New York;
2. Redwood City, California;
3. Chicago, Illinois;
4. Vancouver, Canada;
5. and London, England.

The corporate office for Currenex was New York and it still remains the principal office for sales, operations, and customer service. Engineering is based out of Redwood City, having their developers in New York, Vancouver,  and London.

Currenex has several legal rights which focus on lowering latency and improving execution technology. Traders are allowed to trade spot, forwards, swaps, loans and deposits with a counterparty in a chosen currency. Following things are offered by Currenex:

• Executable Streaming Prices (ESP),
• Request for Quotation (RFQ),
• Benchmarking,
• Algorithmic Trading,
• and complete Prime brokerage functionality with integrated Straight Through Processing (STP).

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