Currenex recently upgraded its FX trading services to include
order management tools and functionality that give more control to
traders while streamlining the trade experience. For the month
following the upgrade on December 18th, average daily trade volume for
Currenex continued to trend higher, sustaining a threefold increase
compared with the same period from the previous year. Central to the
9.0 Release has been the Advanced Order Service for traders who use
complex order types to enter and exit positions. Responding to
feedback from Currenex White Label Partners, 15 additional
enhancements have successfully been launched within the Release to
deliver robust FX trading solutions.
"As a provider of Currenex services, PFG has found that allowing
highly customizable orders to be submitted in the market gives our
Forex trading clients maximum control when placing orders," said PFG
Chief Operating Officer Russ Wasendorf, Jr. "Our customers choose
strategies that will deliver on their own objectives, and PFG
(www.pfgforex.com) gives them the tools to do it. This release
demonstrates an evolution in FX that's remarkably advantageous to
our platform users."
In addition to standard order types such as Market, Limit, Stops,
Hidden and Iceberg Orders, Currenex's Conditional Orders have been
added to allow traders to define separate orders that are linked to
each other and set to react based on predefined parameters. For
instance the second "leg" on one of these orders may be dependent on
the execution of the first and can be configured to act in response;
similarly, both legs may be configured to act in tandem depending on
variables defined by the trader. Currenex Conditional Orders include
"If Done," "One Cancels Other," and "If Done OCO."
Other significant GUI enhancements in the recent 9.0 software
release include a new Totalizer feature that allows a trader to
quickly average spot deals. Improved reporting and printing
functionality has been included in this release in addition to
enhancements made to precious metals trading. Spot, Net & Roll is new
functionality that allows customers to net multiple spot trades on a
single currency pair down to a single exposure and then roll the
position forward.
Clifford Lewis, Chairman and CEO added: "In line with Currenex's
history of innovation, the release of 9.0 marks a continued commitment
to our customers and enables Currenex to maintain its leader status in
FX. Our liquidity and daily volume continue to increase as our
customer satisfaction grows."
Currenex(R), Inc. (www.currenex.com) received the 2006 e-FX award
for "Best Trading Technology Vendor." Offering Executable Streaming
Prices (ESP(TM)), Request For Streams (RFS), Benchmark Trading,
Algorithmic Trading and complete Prime Brokerage functionality with
fully integrated Straight Through Processing (STP), Currenex connects
more than 60 global banks to a superior electronic trading network,
making Currenex one of the deepest liquidity pools in Forex.
Authorised and Regulated by the Financial Services Authority.
Currenex (UK) Limited, 71 Kingsway, London WC2B 6ST, UK.
Registered in England No. 3882136.
