Corporate currency portal Currenex is to provide integrated trading and back office processing through a direct link with FXpress Corporation, a solutions provider to Fortune 1000 companies.
Under the link-up, Currenex will integrate its online trading system, FXtrades, with FXpress' Foreign Exchange Risk Management system in a bid to offer mutual clients straight-through processing in their FX operations.
"Partnering with FXpress is the first of several integrated solutions we are committed to delivering customers, enabling treasurers and investment fund managers frictionless FX trading," says Lori Mirek, president and chief executive officer at Currenex. "FXpress, when integrated with our online multi-bank exchange, will deliver clients improved business processes and automation and address critical audit-ability and reporting concerns."
Bob Richardson, managing director at FXpress says: "After evaluating several partnership alternatives, we chose Currenex because the FXtrades service is already operational today and is gaining wide customer acceptance among FXpress' customer base."