Townsend Analytics announced today that it is expanding its institutional foreign exchange offerings with direct access to the Currenex multi-bank foreign exchange (FX) network through its RealTic (R) trading platform.
Currenex connects 17 of the top 20 global FX banks and 47 banks total to its electronic trading network — making it one of the world’s deepest liquidity pools for Forex. The industry’s top publications have lauded Currenex with numerous awards, including “Best Online Foreign Exchange Trading System” from Global Finance; “Best Multi-Bank FX Trading Service” from FX Week; and “Best Site for Forex Cash Trading” from Euromoney magazine.
RealTick customers — who include institutional and proprietary trading desks, hedge funds, CTAs, FCMs, buy-side institutions, professional and retail traders — will be able to view the best offer from all the banks and prime brokers in the Currenex network with live streaming executable prices. Through RealTick, customers can also employ a wide variety of advanced order types not previously available for this market including: conditional, time slicing (by time and volume), stop limit, trailing stops, order cancels order (OCO), and others.
“We are pleased to provide our customers with this world-class FX trading solution,” comments Mike Felix, director of marketing for RealTick and Townsend Analytics. “Currenex is an acknowledged industry leader, and gives our customers access to real-time, executable, electronic trading around the clock in all major currency pairs,” he adds. “And for our significant customer base trading in non-dollar securities, this greatly enhances the ability to hedge their positions.”
Clifford Lewis, Currenex’s CEO asserts, “RealTick is the best multi-asset trading platform in the world. This relationship gives our member banks access to tens of thousands of new customers. Much of the volume represents new flows, and these are customers who our banks are keen to serve.”
RealTick delivers a wide range of North American and European trading-quality market data for multiple asset classes, unlimited depth of book, advanced research and analytic tools, risk and account management tools, as well as direct trading connectivity to major pools of liquidity such as listed exchanges in the U.S. and overseas, ECNs and broker specific destinations.