Currenex and XRT Partner to Offer Collaborative Online Currency Trading and Straight-Through Processing
Currenex will integrate its online foreign exchange platform with XRT’s Collaborative Treasury Management solutions through Currenex’s FXintegrate program to provide straight-through processing (STP) for their joint customers. Currenex’s FXintegrate program provides members a suite of open, standards-based integration solutions to support the complete FX trading lifecycle and workflow process. Currenex and XRT are able to offer XRT-specific integration capability to significantly increase speed, efficiency, and streamlined foreign exchange dealing for joint customers by automating trade record updates and eliminating the need to re-key data. The integration is based upon the interface developed by the Treasury Workstation Integration Standards Team (TWIST). TWIST, a working group of 17 companies including Currenex and XRT, is focused on creating standards to facilitate an efficient, controlled and open-dealing marketplace for foreign exchange (FX) and other cash market instruments.