Currenex lawyers ask judge to dismiss class action lawsuit
Case alleging secret priority trading deals brought too late and not based on facts, defence argue
Currenex case may herald focus on e-FX’s ‘Wild West’ days
FX sources say “uncomfortable secrets” could emerge as attention turns to platform relationships
Currenex class action faces hurdles, say legal experts
Case could raise questions around statutes of limitations and damages calculations
FX traders sound alarm on tagging ‘abuse’
Front running and tag refreshing concerns abound on semi-anonymous trading platforms
E-trading takes hold for FX swaps – sort of
Bulk of trades are being executed over screen, but bolder changes have stalled
Refco launches web prime brokerage using Currenex
Refco F/X Associates, part of Refco Group, has taken its foreign exchange prime brokerage service online in a bid to improve efficiency, a senior official at the broker in Chicago told RiskNews' sister publication FX Week .
Mirek steps down from Currenex
Lori Mirek, chief executive of Currenex, has stepped down following a raft of senior management changes at the foreign exchange trading portal. The development was viewed as a shock by many forex market participants – Mirek was one of the best-known…
Multi-bank FX platforms double market share in last six months
Online multi-bank foreign exchange trading platforms have doubled their market share in the last six months, according to Justyn Trenner, chief executive officer of London-based research and analysis company ClientKnowledge.
SunGard coup for FXConnect
State Street Corporation is due to announce this week that it has secured a coveted deal with the treasury software unit of Pennsylvania-based technology company SunGard.
Currenex extends post-trade FX settlement and allocation
Multi-bank FX trading portal Currenex has added new features to its FXtrades service, improving the efficiency of its allocation and settlement processes and minimising post-trade errors, according to Lori Mirek, president and chief executive.
FXall hires marketers from former rival Atriax
Two former employees of defunct multi-bank FX tradingportal Atriax were last week hired by rival portal FXall. Keith Hill joins FXall in London as head of Europe, Middle East and Africa sales, while Michelle Bachmann-Love was made head of North America…
Currenex and RCP launch buy-side interface
Global online currency exchange Currenex and UK-based straight-through processing (STP) specialist RCP Consultants have developed an interface that offers immediate connectivity between Currenex’s FX trading system and many treasury and portfolio…
Currenex and XRT unveil joint venture
Currenex, the online global currency exchange, and French-based financial services vendor, XRT, have agreed a deal that will see Currenex integrate its online forex platform with XRT’s collaborative treasury management (CTM) solutions.
Currenex snares Caterpillar
Manufacturing firm Caterpillar Independent has started using the FXTrades platform provided by multi-bank FX portal Currenex to support its FX operations.