Currenex Selects Radianz Extranet; Financial Institutions Connected to Radianz's Extranet Will Be Able to Access Another Leading Online Foreign Exchange Service.Business Editors 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 & SAN FRANCISCO--(BUSINESS WIRE)--Oct. 8, 2002 Radianz today announced that Currenex will use Radianz's global financial extranet, RadianzNet, to give Currenex members a new option for connecting to Currenex's electronic service for trading foreign currencies. Since its inception in June 2000, Radianz has been actively pursuing and winning business in the foreign exchange, equities and fixed-income segments of the financial industry. Organizations like Currenex have consistently selected Radianz because RadianzNet is a Cisco Powered Network already connected to the financial institutions worldwide that use Web-based services such as Currenex's FXtrades. Institutions that prefer dedicated lines rather than the Internet will now have the opportunity to access Currenex's FXtrades via RadianzNet. Currenex plans to offer RadianzNet as a new method of connectivity for its member institutions. "For our members who prefer to use a private network instead of the Internet, Radianz is our preferred network provider," said Lori Mirek, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Currenex. "Through their well-established IP connectivity, Radianz offers Currenex's members an additional choice of how they conduct their electronic foreign exchange trading Foreign Exchange Trading or FX Trading, clients are able to hedge against, or speculate upon, changes in the exchange rate of two currencies. For example, a speculator can long EUR/USD in foreign exchange market in order to profit from capturing the appreciation of Euro against the on FXtrades." Chris Church, executive vice president and head of Global Sales and Marketing for Radianz said, "Players in the foreign exchange marketplace see the value of the Radianz proposition. They realize Radianz can provide reliable connectivity to their customers. "Today's announcement also will enable financial institutions already connected to RadianzNet to use their existing RadianzNet connection to gain fast, secure access to yet another leading foreign exchange application," Church added. About The Companies Radianz (www.radianz.com) is an independent company with the world's largest Internet Protocol (IP)-based network for the global financial services industry. The company uses its network to provide superior IP connectivity and services designed to meet the demands of professionals in the finance community. Radianz was established by Reuters (RTR RTR Ready To Run RTR Rundfunk & Telekom Regulierungs Gmbh RTR Rotor RTR Radio e Televisiun Rumantscha (Romansh Radio and Television, Switzerland) RTR Response Time Reporter RTR Ready To Race RTR Ready to Roll .L) and Equant (NYSE NYSE See: New York Stock Exchange : ENT ENT ears, nose, and throat (otorhinolaryngology). ENT abbr. ear, nose, and throat ENT ear, nose and throat. ENT Ears, nose & throat; formally, otorhinolaryngology ) (Euronext Paris: EQU EQU Equipment EQU Equilibrium EQU Equate (assembly language directive) EqU Equivalent Unit EQU Extremely Qualified User EQU Estimated Quarterly Usage EQU Equal to EQU Equation ). Radianz and the lighthouse logo are the trademarks of the Radianz group of companies. Currenex(R), Inc. (www.currenex.com) is the market- and technology-leading online global currency exchange that links FX buyers and sellers worldwide and is open to all FX market participants. Currenex provides instant access to the global foreign exchange market via five price discovery mechanisms across all currencies. Currenex delivers secure, reliable and comprehensive FX trading from trade initiation, pricing and execution to confirmation, settlement and reporting. Currenex develops and implements all of its technology in-house, enabling it to lead the market in providing the most comprehensive platform with flexible and reliable technology innovations, straight-through processing and auditability that significantly increase access to liquidity in the FX markets, accountability and dealing and settlement efficiencies. With offices in London, New York, California, Chicago and Singapore, Currenex supports trading activity 24 hrs a day for members such as AXA AXA Anguilla, Anguilla (Airport Code) AXA Alpha Chi Alpha AXA Animal Crossing Ahead (online forum community/guide to the game Animal Crossing) AXA Auxiliary Artery , Compaq and MasterCard and banks such as RBS RBS Royal Bank of Scotland RBS Role Based Security RBS Rollback Segment RBS Rare Book School (University of Virginia) RBS Rural Business Cooperative Service RBS Ribosome Binding Site (genetics) , ABN Amro and Barclays. Currenex and the Currenex logo are registered trademarks of Currenex, Inc. All other trademarks are the property of their respective owners. Issued by Currenex (UK) Limited. Regulated by FSA FSA Financial Services Authority FSA Food Standards Agency (UK) FSA Farm Service Agency (USDA) FSA Financial Services Agency (Japan) . Currenex (UK) Limited, 71 Kingsway, London WC2B 6ST, UK. Tel: 020 7400 6200, fax: 020 7400 6222. Registered in England No. 3882136. Registered office as above. |
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