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

Type of business
Data Source
Region
North America
Specialisation
Electronic Trading

  Corporate Details


Date of UpdateUnknown
HeadquartersBoston, Massachusetts, United States
Established1999
Market Cap US$N/A
Revenue US$N/A
EmployeesN/A
OwnershipState Street (GlobalLink)
ManagementGlobal Head of GlobalLink: Martine Bond Global Head Execution Services: David Newns Chief Technology Officer: Anan Thind

  Website Analysis


URLwww.currenex.com
Alexa Rank0
TypeData Source
Client CaseElectronic Trading
CoverageUnited States, Australia, Canada, Germany, Hong Kong, Korea, Japan, Singapore & United Kingdom
Asset ClassesUnknown
TradingYES
TerminalsUnknown
FeedsYES
AnalyticsYES
Compliance & RiskYES
Indices & BenchmarksUnknown
Reference DataUnknown
Economic DataUnknown

  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


PresenceUnited States, Australia, Canada, Germany, Hong Kong, Korea, Japan, Singapore & United Kingdom
MarketInvestment Banks, Commercial Banks, Asset Managers, Hedge Funds, Pension Funds, Corporates
Competition360T, BGC Partners, EuronextFX, TP ICAP, Tradeweb, Tradition
AvailabilityDirect from Global Link/Currenex
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