Currenex
Reliable, low-cost and secure electronic trading........

Trading Platform Overview

Live, streaming, executable bids and offers for instant execution. Spot prices (in your chosen currency pairs) displayed and refreshed in real-time on a single screen.

Version 7.4 will benefit users by offering these New Features:

New Order Types: Iceberg and Hidden Orders
The iceberg and hidden order types allow a trader to place a large order without alerting the marketplace of the true size of their order. With an iceberg order, you specify exactly how much of your order you want to display. With a hidden order, while your order is still in the market, no part of the order is visible to any of the market participants. These new order types are available on the Spot ESP Market page. Simply right click on the Bid or Offer icon on the currency pair you are looking to trade. The ESP Order ticket will pop up and you will be able to specify Iceberg or Hidden in the Order Type. In order to use these new order types, you must be entitled. Please contact Customer Support for assistance.

Cancel & Rebook
The cancel & rebook feature allows clients the ability to send their prime brokers the trades they would like to aggregate. Clients must have an existing agreement established with their prime brokers in order to use this feature. In order to cancel & rebook, each trade must have the same prime broker, currency pair, traded currency, value date and must be on the same side of the market (buy or sell). Buys and sells on the same currency pair cannot be netted out. In order to use Cancel & Rebook, you must be entitled. Please contact Customer Support for assistance. Access to the Cancel & Rebook functionality can be found on the Toolbar by clicking on the "CR" icon or in the Trading menu under "Cancel & Rebook Trades".

Spot Position Filters
The spot position filter allows you to filter the data presented on the Spot Position tab within the Trades Monitor. This feature allows you to filter by Counterparty, Trader and Sub/Fund. You can also choose to exclude Cancelled/Rebooked Trades. In order to filter the spot position in the trade monitor, select Preferences under the Setup menu, then click on the Spot Position tab. Drop downs will be presented to allow you to choose a specific Counterparty, Trader and Sub/Fund. Clicking on the check box will exclude Cancelled/Rebooked Trades.

VWAP
The VWAP feature provides enhanced quote information for the New York, London and Tokyo markets. VWAP is the Volume Weighted Average Price and is calculated as a 5 minute rolling average. It is found to the right of the big figure. VWAP also provides the open, high, low and close for the top ten currency pairs. The opening and closing is the VWAP at 8:00 AM and 5:00 PM local time, respectively, for each market.

In order to access VWAP, you must be entitled. Please contact Customer Support for assistance. Once entitled, you may activate VWAP by selecting Preferences under the Setup menu, then clicking on the check boxes for each market center in the VWAP section of the Trading tab.

New features:

All:

• Rapid, simple integration with dealing and back-office systems
• Automated prime broker give-up and credit monitoring
• Resting limit orders filled automatically
• Straight Through Processing
• White Label trading solutions
• Fully ASP supported - upgrades and enhancements provided automatically
• Customisable User Interface: resize/hide individual components of the service.
• Trades Monitor: organise, locate and act on trades and orders at various stages of the trading lifecycle.
• Messages Monitor: alerts users to changes in the status of orders and pending actions, allowing you to quickly take the appropriate action to complete a trade.
• Templates and Drafts: One-click display enables you to monitor the market and send trade requests; set alarms to notify you when specified currency pairs reach user-defined levels.

Price Takers:

• Instant trading and execution
• 24-hour, liquid market and tight spreads
• Intuitive, flexible user interface; detachable, live snapshot of liquidity
• Trade Status Area - to view order placement and execution notification offers unprecedented visual access to the status of pending deals, done deals, and resting orders; gives users the ability to rapidly modify or cancel individual active orders, and complete partial fills.
• Advanced Market Depth choices for ESP™ - Standard (set in preferences), Consolidated (aggregated price and amount available), and VWAP (volume weighted average price).
• Credit Limit button - displays the users credit limit(s) and how much has been used. The button itself will also change color to alert users as credit limits are approached or exceeded.
• User defined One-Click trading buttons
• Live update of average price, net position and all in rate of day's Spot trades (ESP™, RFS, direct and Benchmark); copy and paste data into spreadsheets
• Enhanced Daily Spot Positions Tab now shows currency pairs by base AND term amounts; average price of all Spot buys and sells (separately and by currency pair); net position (total long and short position by currency pair) and all in rate - the all in cost average for spot transactions, including realised and unrealised P/L in the Currenex trading day (17.00 EST to 17.00 EST).
• Excel based spreadsheet trading allows the ability to have live streaming executable prices and make real-time automated trading decisions.
• Access to prime broker network
• Fully integrated with other Currenex features including Enhanced Request for Streams (RFS) trading, allocations, rolls, amendments, drafts, templates, one-click trading user preferences, Crossmar/Misys Treasury systems etc.
• Trade Templates and Drafts offer enhanced user customisation - buy-side users can easily recall pre-defined fields for frequently repeated trades.

Price Makers and Intermediaries:

• Prices in any currency pair delivered according to your specifications
• Flexible, real-time rates streaming - single stream to multiple customers, customized streams to individual customers
• Live update of average price, net position and all in rate of day's Spot trades (ESP™, RFS, direct and Benchmark); copy and paste data into spreadsheets
• Incremental, profitable order flow opportunities
• A cost effective, strategic alternative to 1-to-1 eFX systems
• SniperProtection™ detects possible abuse of liquidity by predators