Currenex, EBS Face Off with New FX Feeds
The FX trading platform operators are bringing different approaches to the process of increasing transparency in the FX market.
The real-time feed, dubbed CurrenexNow, went live on Aug. 13, and is available to all Currenex customers for $15,000 a month and includes depth of book, paid and given (including bucketed size), mid-rate, mid-rate confidence factor that shows order book density around the mid rate, and mid-activity indicator.
David Newns, global head of Currenex, says the product, which has been in development for more than a year, reflects a more “open” FX market. “In the past 15 years, the FX market has gone
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