Currenex Partner With CS Lucas To Extend STP For Online Currency Trading

FXall and CS Lucas are to provide mutual clients with access to straight through processing of FX deals – from deal execution to settlement and reporting. Trades executed on FXall’s portal will be interfaced to CS Lucas’s enterprise treasury system, Alpha Station. Through FXall’s Partner Channel, more than 25 leading vendors can now integrate directly with FXall’s fully automated platform. CS Lucas recently announced a similar straight-through-processing initiative with independent FX trading platform Currenenex. The resulting interface ‘enhances speed, increases processing reliability and reduces incidence of human error’. The integration enables foreign exchange trades executed on the Currenex web-based trading platform to be routed to CS Lucas’ middle and back-end Infinax system seamlessly, the two firms said. Deal input is automated, and the rest of the trading cycle is carried out in accordance with the procedures that the users have configured via Infinax. Tan Chee Seong, director of CS Lucas, said ‘It’s a recurring theme now with treasurers that treasury systems must provide the STP from trading platforms to risk management, settlement and accounting.’