Online foreign exchange portal Currenex is to offer discounted access to the 14,000 members of the Association for Financial Professionals, the US-based treasury trade group.
Currenex provides a multi-bank price discovery and deal execution service for large corporate currency buyers.
"Access to Currenex will be of tremendous value to AFP members, who have been telling us that they want to execute more of their functions online," says Jim Kaitz, AFP's president and CEO. "Foreign exchange trading is one of the core job functions of AFP members who can gain efficiencies on a daily basis by using Currenex."
Currenex president and CEO Lori Mirek, believes the deal with AFP will give it added credibility as it prepares to fend off competition from a new wave of bank-backed portals such as FXall and Atriax.