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Currenex Launches Catalyst Program for Algorithmic and Treasury Management Systems.


FX Trading Services Improved by Integrating 3rd Party Solutions

NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- Currenex announced the participation of third party software providers in a Catalyst Program designed to confer "Partner" status to those participants meeting and maintaining strict security and integration protocols. Partners, including Algorithmic and Treasury Management Systems, benefit from developer support, API and protocol licensing, and full access to dedicated testing systems with full trading and STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;.  services. This unique liaison allows application developers to stress test their solutions in a simulated environment that exceeds real-world standards. Ultimately, the Catalyst Program provides Currenex customers with assurance that participants have been conformance tested and have met Currenex's performance standards. Details about the program are available at www.currenex.com.

"Leveraging the Catalyst Program we have created seamless integration between Wall Street Systems and Currenex. This means more efficiencies for our customers in the form of STP. With the Catalyst Program we have been able to validate our integration and provide a high-quality solution to our joint customers," commented Larry Ng of Wall Street Systems. "Of course we maintain rigorous testing protocols on our end and have complete confidence in its performance, but the Currenex environment presents unique conditions that we must also analyze. Our end-users can have confidence in the fact there exists a testing alliance between Currenex and Wall Street Systems."

A number of 3rd party software providers have participated since the Program's inception in July, with more being added subject to testing and approval. The Currenex Catalyst Program provides a framework for application providers to integrate their system with Currenex trading and STP solutions. In turn, the partners put forward a wide range of high quality and interoperable software solutions for customers to utilize in tandem with Currenex services.

Sean Gilman, Chief Technology Officer at Currenex, reiterated his company's focus on conformance testing for every 3rd party provider: "In a market where message processing requirements are constantly growing, it is particularly important to understand the limits of your application environment. The Catalyst Program provides participating partners a variety of tools and services to validate their applications in a variety of scenarios. Our goal is to create partnerships with Algo and Treasury system vendors that yield superior solutions for the end user."

Additional software providers who are interested in participating in the Catalyst Program should contact partnerprogram@currenex.com.

Currenex[R], Inc. received the 2006 e-FX award for "Best Trading Technology Vendor." Offering Executable Streaming Prices (ESP (1) (Enhanced Service Provider) An organization that adds value to basic telephone service by offering such features as call-forwarding, call-detailing and protocol conversion. [TM]), Request For Streams (RFS (Remote File System) A distributed file system for Unix computers introduced by AT&T in 1986 with Unix System V Release 3.0. It is similar to Sun's NFS, but only for Unix systems. ), Benchmark Trading, Algorithmic Trading Algorithmic Trading

A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of
, and complete Prime Brokerage Prime Brokerage

A special group of services that many brokerages give to special clients. The services provided under prime brokering are securities lending, leveraged trade executions, and cash management, among other things.
 functionality with fully integrated Straight Through Processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages.  (STP), Currenex connects more than 60 global banks to a superior electronic trading network, making Currenex one of the deepest liquidity pools in Forex Forex

See: Foreign exchange
. Authorised and Regulated by the Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. . Currenex (UK) Limited, 71 Kingsway, London WC2B 6ST, UK. Registered in England No. 3882136.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 16, 2006
Words:473
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