Currenex

Currenex, Inc. is based in New York, New York Providing a platform for the electronic foreign exchange service industry, including private labels. It was founded in 1999 and focuses on connecting buy and sell sides using the FIX protocol and other application programming interfaces.

Under the terms of an agreement originally announced on January 22, 2007, State Street Corporation acquired Currenex for $564 million on March 5, 2007. Currenex is now an operating division with offices in five locations: New York, New York; Redwood City, California; Chicago, Illinois; Vancouver, Canada; and London, England. New York was the corporate office and remains the principal office for sales, operations, and customer service. Engineering is based out of Redwood City, with developers in Vancouver, New York, and London.

Currenex has several patents which focus on lowering latency and improving execution technology. Traders can trade spot, forwards, swaps, and loans and deposits with a counterparty in a chosen currency. Currenex offers Executable Streaming Prices (ESP™), Request for Quotation (RFQ), Benchmarking, Algorithmic Trading, and complete Prime brokerage functionality with integrated Straight Through Processing (STP).