Currenex Delivers Multi-Bank Streamed Quote to FXtrades Members; New Price Request Method Delivers Fastest Way to Execute Online FX Transactions

Apr 26, 2001, 01:00 ET from Currenex, Inc.

    LONDON, April 26 /PRNewswire/ -- Currenex(TM), Inc. today announced that
 it has added a new price request method to its FXtrades service in response to
 members' requests. Multi-Bank Streamed Quote offers members the ability to
 execute FX transactions via specific, time-limited, executable streaming
 quotes from multiple banks.  This new price request method provides FXtrades
 bank members additional ways to make price quotes using the FXtrades service.
 Corporate and fund members have begun using Multi-Bank Streamed Quote this
 week to execute their online FX transactions with greater speed and
 flexibility.
     Currenex provides the first operational global currency exchange open to
 institutional buyers and sellers worldwide. Its Internet-based service,
 FXtrades, is a real-time foreign exchange platform that provides a total
 trading solution from initiation and execution to settlement and reporting for
 spots, outright forwards, and swaps for any currency pair.  Currenex provides
 members with global financial news and currency rates from Reuters, a library
 of fundamental bank research from Multex, real-time FX technical analysis
 charts from Tradermade International Limited and interactive messaging called
 "Instant Exchange." In addition, Currenex offers FENICS FX option price
 analysis and data for additional market information, research and analytics.
     "Currenex is committed to member-driven innovation such as Multi-Bank
 Streamed Quote," said Lori Mirek, president and CEO of Currenex. "We continue
 to respond to our bank, corporate and fund members' requests to provide them
 more trading methods for greater speed and efficiency in execution. These new
 methods enhance the most robust online FX trading platform, and offer
 significant value for both the buy-side and the sell-side."
 
     FXtrades Service Provides Four Distinct Price Request Methods Enhancing
     Speed and Flexibility for Members
 
     Multi-Bank Streamed Quote is just the latest example of Currenex's
 commitment to deliver its bank, corporate and fund members the most
 appropriate trading mechanism to meet their trading needs.  Others include
 Exclusive Fast Quote, Multi-Bank Price Request, and Order Management.   Based
 on their trading needs, members choose from multiple price request methods to
 deal with their banks, resulting in significantly increased FX trading and
 settlement efficiencies.
 
     Multi-Bank Streamed Quote
     Multi-Bank Streamed Quote is the fourth major price request method
 available to FXtrades members. This method offers members the ability to
 initiate a specific price request with multiple banks and choose from
 executable streaming quotes within a defined period of time for spots, swaps
 and outright forwards.  Multi-Bank Streamed Quote is the fastest way for
 members to execute FX transactions rather than choosing a quote from a
 simultaneous display of quotes presented at the same moment in time.  Members
 now have more options when they require fast execution but still want to
 compete for the best price discovery and best liquidity.
 
     Exclusive Fast Quote
     Exclusive Fast Quote enables members to request immediate quotes on spots,
 swaps and outright forwards from a single bank of choice.  Exclusive Fast
 Quote provides FXtrades members the ability to execute a transaction,
 typically of a larger size or more complex nature.
 
     Multi-Bank Price Request
     Multi-Bank Price Request allows members to quickly and competitively
 execute FX spots, swaps and outright forwards.  Multi-Bank Price Request
 provides FXtrades members the ability to request prices from multiple banks
 and choose from a simultaneous side-by-side comparison of quotes presented at
 the same time.
 
     Order Management
     Order Management will provide members the flexibility to choose from a
 wider range of price request types to ensure the most efficient online FX
 trading.  Members can choose to execute "Limit Order", "At Best", "No Worse
 Than", and "Stop Loss" Orders.
 
     About Currenex, Inc.
     Currenex (http://www.currenex.com) provides the first operational online
 global currency exchange open to all institutional buyers and sellers
 worldwide. Currenex's Internet-based service, FXtrades, links banks, corporate
 treasury departments, institutional funds/asset managers, government agencies,
 international organizations and central banks through a real-time FX
 marketplace providing a total trading solution from initiation and execution
 to settlement and reporting. Currenex delivers certainty, efficiency and
 reliability in FX processing and has major multinational customers including
 MasterCard International, Royal Dutch/Shell Group and Intel Corporation as
 well as 35 global, market-making banks including Barclay's, Merrill Lynch and
 ABN Amro.  Founded and operational since 1999, the company has offices in
 Menlo Park, Calif., Chicago, New York, London and Singapore.
     Currenex and the Currenex logo are trademarks of Currenex, Inc.  All other
 trademarks are the property of their respective owners.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X37269836
 
 

SOURCE Currenex, Inc.
    LONDON, April 26 /PRNewswire/ -- Currenex(TM), Inc. today announced that
 it has added a new price request method to its FXtrades service in response to
 members' requests. Multi-Bank Streamed Quote offers members the ability to
 execute FX transactions via specific, time-limited, executable streaming
 quotes from multiple banks.  This new price request method provides FXtrades
 bank members additional ways to make price quotes using the FXtrades service.
 Corporate and fund members have begun using Multi-Bank Streamed Quote this
 week to execute their online FX transactions with greater speed and
 flexibility.
     Currenex provides the first operational global currency exchange open to
 institutional buyers and sellers worldwide. Its Internet-based service,
 FXtrades, is a real-time foreign exchange platform that provides a total
 trading solution from initiation and execution to settlement and reporting for
 spots, outright forwards, and swaps for any currency pair.  Currenex provides
 members with global financial news and currency rates from Reuters, a library
 of fundamental bank research from Multex, real-time FX technical analysis
 charts from Tradermade International Limited and interactive messaging called
 "Instant Exchange." In addition, Currenex offers FENICS FX option price
 analysis and data for additional market information, research and analytics.
     "Currenex is committed to member-driven innovation such as Multi-Bank
 Streamed Quote," said Lori Mirek, president and CEO of Currenex. "We continue
 to respond to our bank, corporate and fund members' requests to provide them
 more trading methods for greater speed and efficiency in execution. These new
 methods enhance the most robust online FX trading platform, and offer
 significant value for both the buy-side and the sell-side."
 
     FXtrades Service Provides Four Distinct Price Request Methods Enhancing
     Speed and Flexibility for Members
 
     Multi-Bank Streamed Quote is just the latest example of Currenex's
 commitment to deliver its bank, corporate and fund members the most
 appropriate trading mechanism to meet their trading needs.  Others include
 Exclusive Fast Quote, Multi-Bank Price Request, and Order Management.   Based
 on their trading needs, members choose from multiple price request methods to
 deal with their banks, resulting in significantly increased FX trading and
 settlement efficiencies.
 
     Multi-Bank Streamed Quote
     Multi-Bank Streamed Quote is the fourth major price request method
 available to FXtrades members. This method offers members the ability to
 initiate a specific price request with multiple banks and choose from
 executable streaming quotes within a defined period of time for spots, swaps
 and outright forwards.  Multi-Bank Streamed Quote is the fastest way for
 members to execute FX transactions rather than choosing a quote from a
 simultaneous display of quotes presented at the same moment in time.  Members
 now have more options when they require fast execution but still want to
 compete for the best price discovery and best liquidity.
 
     Exclusive Fast Quote
     Exclusive Fast Quote enables members to request immediate quotes on spots,
 swaps and outright forwards from a single bank of choice.  Exclusive Fast
 Quote provides FXtrades members the ability to execute a transaction,
 typically of a larger size or more complex nature.
 
     Multi-Bank Price Request
     Multi-Bank Price Request allows members to quickly and competitively
 execute FX spots, swaps and outright forwards.  Multi-Bank Price Request
 provides FXtrades members the ability to request prices from multiple banks
 and choose from a simultaneous side-by-side comparison of quotes presented at
 the same time.
 
     Order Management
     Order Management will provide members the flexibility to choose from a
 wider range of price request types to ensure the most efficient online FX
 trading.  Members can choose to execute "Limit Order", "At Best", "No Worse
 Than", and "Stop Loss" Orders.
 
     About Currenex, Inc.
     Currenex (http://www.currenex.com) provides the first operational online
 global currency exchange open to all institutional buyers and sellers
 worldwide. Currenex's Internet-based service, FXtrades, links banks, corporate
 treasury departments, institutional funds/asset managers, government agencies,
 international organizations and central banks through a real-time FX
 marketplace providing a total trading solution from initiation and execution
 to settlement and reporting. Currenex delivers certainty, efficiency and
 reliability in FX processing and has major multinational customers including
 MasterCard International, Royal Dutch/Shell Group and Intel Corporation as
 well as 35 global, market-making banks including Barclay's, Merrill Lynch and
 ABN Amro.  Founded and operational since 1999, the company has offices in
 Menlo Park, Calif., Chicago, New York, London and Singapore.
     Currenex and the Currenex logo are trademarks of Currenex, Inc.  All other
 trademarks are the property of their respective owners.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X37269836
 
 SOURCE  Currenex, Inc.