Chicago-based Bank One is to join the multi-bank currency exchange, Currenex.
The bank will link Currenex to the pricing engine of its main platform, The One Net FX Trader (FX Trader). Confirmation and revaluation of transactions done via Currenex will be available on FX Trader providing the same type of seamless service Bank One offers customers transacting via telephone or the Internet, says the bank.
Peter Mesrobian, Bank One's global head of foreign exchange, says: "We have customers who want to transact with multiple banks who are utilising Currenex now. The Currenex system allows us to reach these customers cost-effectively."
The move is good news for independent operator Currenex, which last week saw the live arrival of bank-backed trading portal FXall.