Mutual Currenex and XRT clients benefit from partnership in Straight-Through Processing for on-line currency trading.

Currenex™, Inc. and XRT announced today that XRT has integrated its treasury management applications with Currenex’s FXtrades service, providing complete Straight-Through Processing solutions to their clients. The integration will enable XRT clients to execute trades online via Currenex FXtrades and import deals directly into their treasury management system.

"Currenex's FXintegrate framework, based on industry standard protocols and message formats, enabled the rapid development of true STP solutions for our treasury management application, thus providing straight-through processing capabilities between Currenex and our solutions." said Rudolf Schlett, General Manager XRT Germany. "We were impressed with the ease with which we could integrate our applications using Currenex’s tools and services. Our mutual clients can now go one step further in optimizing their financial value chain: from gathering and modeling the information on their exposure, using Internet technology to gather the data from remote sites, to simulation and deciding which transactions they should carry out to best hedge this exposure in accordance with their company’s policy, down to executing the trades and to reporting on these activities in compliance with the IAS rules and standard."

"We are pleased to announce XRT’s completion of their integration with Currenex FXtrades," said Matthew Arrott, Vice President of Products at Currenex. "The FXintegrate framework allows the swift development of ‘plug and play’ STP solutions to support the complete FX trading lifecycle and workflow process."

"The straight through processing between our XRT solution and Currenex will provide considerable time savings and risk reduction to Gamma Holding when executing Foreign Exchange and Money Market deals." said Reinier Verbeemen Cash Manager Gamma Holding.

Toepfer International’s Finance Department said: "We are very pleased to now have the capability to download our trade data immediately to our Treasury Management System. For Toepfer, this means increased efficiency and allows us to spend our time on more important matters than re-entering data."

"Toshiba have already found Currenex’s FXtrades a very user friendly and functionally comprehensive online trading platform." said Olaf Schimanski Assistant Treasurer of Toshiba Europe. "Now, following the rapid deployment of this 'plug and play' STP solution to our XRT treasury management application, we can execute FX faster, easier, more efficiently and with lower risk than ever before."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development