Cürex Group to Launch a P2P FX Matching Platform
- The company is targeting to bring the new product by the end of this year.
New York-based Cürex Group announced on Wednesday that it is planning to launch a peer to peer matching platform using its FTSE Russell/Cürex mid-reference rates.
Cürex offers institutional foreign exchange Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and data Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term services and particularly focuses on the buy-side institutions.
The company revealed that it was developing the new functionality for over the last nine months and was working with several major FX banks and other buy-side customers using the Cürex ECN.
“Using the FTSE Russell/Cürex mid-rates, which are derived from the no last look prices on the completely anonymous Cürex ECN, provides a reference rate that is ultimately fair and transparent,” Cürex’s Chairman and CEO, James Singleton explained.
“We have spent time to consider carefully the optimal approach to peer to peer matching in the FX marketplace. We believe we have come up with a solution that will provide a frictionless path to allow buy-side institutions to match with each other.”
Working with Clients for Product Development
The company is currently finalizing the design features and functionality from its client working group and is aiming to launch the services by the end of this year.
“We know that peer to peer matching is a capability that the buy-side clearly wants. The challenge has been clearing and how to attract a large enough universe of participants to provide two-way interest. By collaborating with a broad group of interested parties, we believe our platform design addresses both of those challenges,” Franz Schmidpeter, Cürex’s senior managing director, added
“We are excited to finish our work over the coming months and bring this benefit to our clients.”
New York-based Cürex Group announced on Wednesday that it is planning to launch a peer to peer matching platform using its FTSE Russell/Cürex mid-reference rates.
Cürex offers institutional foreign exchange Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and data Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term services and particularly focuses on the buy-side institutions.
The company revealed that it was developing the new functionality for over the last nine months and was working with several major FX banks and other buy-side customers using the Cürex ECN.
“Using the FTSE Russell/Cürex mid-rates, which are derived from the no last look prices on the completely anonymous Cürex ECN, provides a reference rate that is ultimately fair and transparent,” Cürex’s Chairman and CEO, James Singleton explained.
“We have spent time to consider carefully the optimal approach to peer to peer matching in the FX marketplace. We believe we have come up with a solution that will provide a frictionless path to allow buy-side institutions to match with each other.”
Working with Clients for Product Development
The company is currently finalizing the design features and functionality from its client working group and is aiming to launch the services by the end of this year.
“We know that peer to peer matching is a capability that the buy-side clearly wants. The challenge has been clearing and how to attract a large enough universe of participants to provide two-way interest. By collaborating with a broad group of interested parties, we believe our platform design addresses both of those challenges,” Franz Schmidpeter, Cürex’s senior managing director, added
“We are excited to finish our work over the coming months and bring this benefit to our clients.”