Integrated STP solutions
STP results from the full integration among all participants - buy-side clients, the vendors of treasury management systems, trading services like Currenex, and sell-side banks - to achieve optimal levels of automation. Currenex provides a critical link in this process by enabling the electronic transfer of real-time trade data between users when they conduct FX transactions on the service.
Currenex enables clients to achieve deeper levels of STP via FXintegrate, the service that connects to third party and proprietary systems that make up the trade and settlement process for clients and banks. FXintegrate provides members with appropriate levels of integration through open, flexible, standards-based solutions, in order to support the complete FX trading life cycle and workflow process.
Integration can be as simple as downloading CSV files from the Currenex service that can be utilized via Excel, or, as robust as automating file retrieval via HTTPS file delivery options. Currenex provides dedicated development and implementation teams that work with you to integrate your systems with Currenex's services.
Our range of integrated STP solutions includes:
Trade Execution:
FIX: Currenex was the first multi-bank trading platform to have established a FIX gateway (using the FIX 4.2 protocol) to provide flexible connectivity options and simplified, low cost integration. The Currenex FIX gateway provides automated FX data feed, order entry and order execution on the Currenex platform. The FIX specification allows for a seamless integration with Currenex's Executable Streaming Prices (ESP) service.
FXintegrate ESP: a Java based API that allows price makers to publish executable prices to the trading system while allowing price takers to see these executable prices as well as to act on a particular executable price.
FXintegrate Direct: allows buy-side clients to request prices from Currenex via a java-based API via the Request for Quote price discovery method. Fxintegrate Direct also allows third party vendors (such as Treasury Workstation software providers) to integrate Currenex's RFQ trading functionality into their software applications.
FXintegrate Autopricing: using this interface price takers are able to receive RFQs and provide prices for the RFQ via their autoqute systems.
Post Trade STP:
FXintegrate Real-Time: enables Straight Through Processing (STP) for FX trading by providing a seamless and complete post-trade integration service. Using the FXintegrate Real-Time service, Currenex members can receive post trade information in real-time as they are executed and completed on the Currenex service with minimal effort. FXintegrate Real-Time is a flexible and secure interface that uses industry standard XML file format and web-based services to provide timely and accurate information to both buy-side and sell-side customers.
FXintegrate On-Demand: lets Currenex buy and sell side customers to create automated clients to poll and retrieve trade and settlement information through a flexible and secure interface. Users can retrieve new trade information to update back-office systems, retrieve previously downloaded information for reconciliation and can also convert Currenex file formats automatically to proprietary formats with a standard XSLT style sheet. Using FXintegrate OnDemand the Currenex platform has been successfully integrated with many vendor-supplied treasury management solutions programs including CS Lucas, FXpress, Integrity Treasury Solutions, SimCorp, Selkirk Financial Technologies, SunGard Quantum, SunGard GTM, Trema, Wall Street Systems, and XRT.
