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.

David Newns at State Street

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