Currenex connects with Trema for straight-through processing

Currenex connects with Trema for straight-through processing

Online foreign exchange portal Currenex is to connect its FXtrades service with Trema's Transaction Hub to provide straight-through processing to their joint customers.

The integrated solution will enable members of Currenex and customers of Trema to have their trading positions in foreign exchange spots, swaps, and forwards updated automatically on a real-time basis in Finance Kit - Trema's treasury, risk and asset management system. Once a deal is executed on the Currenex service, the member's position will be automatically updated via the Trema Transaction Hub Service.

The facility is designed to minimise operational risk by reducing the need for multiple systems, and will enable customers to focus greater resources on value-added trading strategies, say the companies.

Currenex provides an online FX price discovery and deal execution service to institutional buyers and sellers worldwide.

Trema introduced Transaction Hub in October 2000 to provide electronic links between Finance Kit and Web-based FX dealing systems.

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