The Cürex Group, a New York City-based institutional foreign exchange execution services and data analytics company, has added Societe Generale to its peer-to-peer matching platform. The company made the announcement, noting that it is growing the platform through increased client participation, trading volume and added connectivity to bank trading algorithms. According to the announcement, the addition enables Cürex’s buy-side clients to seamlessly execute their FX trades in the peer-to-peer pool; they can do this through the trading algorithms of seven major FX banks. In addition, the company noted that it anticipates adding more banks to the platform in coming months. “Our peer-to-peer platform continues to grow its buy-side client base and trading volume, and we are delighted to add Societe Generale to the list of global FX banks that provide access to the peer-to-peer liquidity pool through their trading algorithms,” said Curex Group chair and CEO James Singleton in the press release. “We worked with our bank partners and clients to design a buy-side only, peer-to-peer matching platform that provides anonymous executions at a mid-point reference rate with no changes to our customers’ trading workflows, credit relationships or processes. Traders can manage their peer-to-peer exposure while setting the parameters of their algorithmic trades with a growing list of global bank trading algorithms. Our buy-side customers receive anonymous, mid-point matching with no market impact, and our bank partners are able to enhance the liquidity and matching opportunities available through their FX trading algorithms. It’s a win-win for Cürex’s buy-side clients and our algo bank partners.”
To view the full press release, visit https://nnw.fm/p4WxQ
About Cürex Group Holdings LLC
Cürex Group is a foreign-exchange-focused, execution-services and data-analytics provider. The company’s singular focus is to improve the FX experience for every buy-side institution. Cürex operates an FX ECN with robust, no last-look liquidity and complete transparency. Its unique market and trading analytics delivers meaningful intelligence to customers. The company’s FTSE Russell/Cürex FX benchmarks provide real-time measurements to assess trading results and provide valuation metrics. Cürex’s mission is to work in partnership with its clients to add unparalleled clarity to all foreign-exchange activities. The company’s process and approach deliver demonstrable “best execution” outcomes that are auditable and support customers’ efforts to make better trading decisions. For more information, visit www.CurexGroup.com.
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