Radianz announced today that forex trading platform 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. FXall and GFInet have already chosen RadianzNet for the same type of IP connectivity.
Since its inception in June 2000, Radianz has been actively pursuing and winning business for its Cisco-powered network in the foreign exchange, equities and fixed-income markets.
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,” says Lori Mirek, President and CEO 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 on FXtrades.”
Chris Church, executive vice president and head of Global Sales and Marketing for Radianz added: “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.