JP Morgan Chase and Deutsche join Currenex as member banks

JP Morgan Chase and Deutsche Bank have joined Currenex, the electronic foreign exchange trading portal. Currenex said the additions will enhance liquidity on the FX trading platform, and the news follows from the collapse of rival Atriax earlier this month. Atriax backers included both JP Morgan Chase and Deutsche, as well as Citigroup and Reuters.

"As one of Currenex's earliest customers, we are delighted with the addition to Currenex of such significant banks as Deutsche Bank and JP Morgan, and have already conducted trades with JP Morgan. The enhanced liquidity, comprehensive functionality and ability to trade with key custodial relationships re-affirms our view of Currenex as a market-leading platform in e-FX,” said Melissa McDonald, London-based global business support manager of AXA Investment.

Currenex said it has seen take-up from

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