JPMorgan has become the first bank to provide automated pricing on Currenex’s FXtrades service and can now offer clients sub-second price delivery. ‘JPMorgan is committed to driving the evolution of foreign exchange and to creating a more efficient market for our clients,’ said Adam Burke, Global Head of FX Ecommerce at JPMorgan. Currenex also announced that it has integrated its FXtrades service with the automated pricing system of Dresdner Kleinwort Wasserstein (DrKW), the investment bank of Dresdner Bank AG, enabling sub-second price delivery for their mutual clients. Currenex has worked with AVT Technologies Ltd. to provide integration to DrKW’s automated pricing system so that clients on the Currenex service can now access 24-hour automated pricing from DrKW.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
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