Currenex goes straight-through to the buy side with RCP
12 August 2002 | 3823 views | 0
Currenex has implemented an interface from UK software supplier RCP Consultants which provides straight-through connectivity between the corporate currency trading and money market portal and buy-side treasury and portfolio management systems.
The new interface enables clients to automatically capture trade data from Currenex’s FX deal ticket API and transfer the data to a range of treasury management and portfolio management systems, including Reuters’ Kondor+ and Sungard’s Quantum.
RCP is a long-time software supplier to Reuters, and has been a key contractor for a range of widely used products including Reuters Dealing 3000 and Reuters Dealing Link.
Lori Mirek, president and CEO of Currenex says the interface was developed in direct response to buy-side and sell-side members’ needs.
"This partnership between Currenex and RCP gives our members the ability to implement and reap the benefits of seamless integration immediately without the usual overhead of building custom solutions to achieve straight through processing," she says.
Currenex supports trading activity for corporate members such as AXA, Compaq and MasterCard providing FX price discovery and execution from a range of banks, including ABN Amro, Barclays Capital, Deutsche Bank and JPMorgan Chase.