Currenex is to integrate its online foreign exchange platform with XRT’s Collaborative Treasury Management solutions in an effort to to provide straight-through processing (STP) for their joint customers.
Utilising Currenex’s FXintegrate programme, the companies will undertake XRT-specific integration to offer streamlined foreign exchange dealing for joint customers by automating trade record updates and eliminating the need to re-key data.
The integration is based upon the interface developed by the Treasury Workstation Integration Standards Team (Twist), an informal standards-setting body and working group of 17 companies including Currenex and XRT.
"XRT users will see enormous operational efficiencies generated by the rapid connection between our platforms," says Christian Tessier, executive vice president, strategic marketing at XRT. "In integrating the XRT Collaborative Treasury Management Solutions with Currenex’s services, our customers gain critical time in their currency trading, but, most importantly, operational risk in re-keying transactions is practically eliminated."
The agreement also calls for co-sales and co-marketing initiatives