LONDON—Currenex is launching this week an open standard FIX-based straight-through processing (STP) protocol for foreign exchange (FX), money markets and precious metals, dubbed OpenSTP/FX, company ...
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 ...