Global Link/Currenex
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Company Overview
In 2007 State Street purchased Currenex for US$564 Million Currenex provides an automated, multi-source FX liquidity/trade matching platform, offering anonymous or bilaterally disclosed quotes, as well as a fixed income trading platform available via private label agreements. It functions as a unit within State Street’s GlobalLink business According to the Bank of International Settlements, Currenex is the 4th largest global multi-dealer platform with 7% market share, and Jeffries calculates average daily volume (ADV) to be approximately US$95 Billion January 2020, the Financial Times reported State Street has placed Currenex up for sale. Jefferies estimates a valuation of US$900 Million when compared to peers and recent deals in this space
Data Source
North America
Electronic Trading
Corporate Details
| Date of Update | Unknown |
| Headquarters | Boston, Massachusetts, United States |
| Established | 1999 |
| Market Cap US$ | N/A |
| Revenue US$ | N/A |
| Employees | N/A |
| Ownership | State Street (GlobalLink) |
| Management | Global Head of GlobalLink: Martine Bond Global Head Execution Services: David Newns Chief Technology Officer: Anan Thind |
Website Analysis
| URL | https://www.currenex.com |
| Alexa Rank | 0 |
| Type | Data Source |
| Client Case | Electronic Trading |
| Coverage | United States, Australia, Canada, Germany, Hong Kong, Korea, Japan, Singapore & United Kingdom |
| Asset Classes | Unknown |
| Trading | YES |
| Terminals | Unknown |
| Feeds | YES |
| Analytics | YES |
| Compliance & Risk | YES |
| Indices & Benchmarks | Unknown |
| Reference Data | Unknown |
| Economic Data | Unknown |
Key Products & Services
Currenex Execution provides Executable FX Spot and Precious Metals streaming prices from diverse market participants and liquidity sources. Strategies include passive, aggressive, earn spread and pay spread for price discovery. Multiple order types are available Currenex NOW Market Data datafeed provides a real-time, tick-by-tick, order book, offering trade updates (paid/given) with bucketed size, a Currenex Weighted Average Mid Rate (WAMR) mid-rate, order book density for 50 currency pairs for up to 20 levels. Historic time series data also available Currenex VIEW Market Data datafeed provide indicative top of book Spot FX (Best Bid/Best Offer) prices delivered at 10 updates/second intervals for third party distributors and consumers. CACHE VIEW supplies historic time series data for currency pairs
Business Potential
| Presence | United States, Australia, Canada, Germany, Hong Kong, Korea, Japan, Singapore & United Kingdom |
| Market | Investment Banks, Commercial Banks, Asset Managers, Hedge Funds, Pension Funds, Corporates |
| Competition | 360T, BGC Partners, EuronextFX, TP ICAP, Tradeweb, Tradition |
| Availability | Direct from Global Link/Currenex |
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