Currenex Launches STP Protocol for FX


OpenSTP/FX targets sell-side banks, buy-side customers, prime brokers, custodians and corporate treasuries, and is designed to reduce the cost and complexity of STP.

The protocol is based on the latest version of FIX, version 5.0, which separates the FIX session layer from the FIX application layer. This lets users run different versions of the FIX protocol in one session.

Currenex developed beyond the nascent FIX 5.0, says a spokesperson for the vendor. It used feedback from customers, banks and

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