Currenex
JGA Financials has greatly enhanced its Currenex platform and now can accommodate retail clients in addition to the institutional users already familiar with the platform. This updated product is a margin-based environment that matches your orders directly with bank liquidity providers without dealer confirmation. This model was developed as a way of decreasing the potential conflict of interest that customers can encounter when dealing with other brokers or Forex Dealer Merchants (FDMs.)
Overview
Traders utilizing Currenex will enjoy access to the following:
- 24-hour, liquid market
- Intuitive, flexible user interface; detachable, live snapshot of liquidity
- Trade Status Area - to view order placement and execution notification offers unprecedented visual access to the status of pending deals, done deals, and resting orders; gives users the ability to rapidly modify or cancel individual active orders, and complete partial fills.
- Advanced Market Depth choices for ESP™ - Standard (set in preferences), Consolidated (aggregated price and amount available), and VWAP (volume weighted average price).
- Credit Limit button - displays the users credit limit(s) and how much has been used. The button itself will also change color to alert users as credit limits are approached or exceeded.
- User defined One-Click trading buttons
- Live update of average price, net position and all in rate of day's Spot trades (ESP™, RFS, direct and Benchmark); copy and paste data into spreadsheets
- Enhanced Daily Spot Positions Tab now shows currency pairs by base AND term amounts; average price of all Spot buys and sells (separately and by currency pair); net position (total long and short position by currency pair) and all in rate - the all in cost average for spot transactions, including realized and unrealized P/L in the Currenex trading day (17.00 EST to 17.00 EST).
- Excel based spreadsheet trading allows the ability to have live streaming executable prices and make real-time automated trading decisions.
- Access to prime broker network
- Fully integrated with other PFG Currenex features including Enhanced Request for Streams (RFS) trading, allocations, rolls, amendments, drafts, templates, one-click trading user preferences, Crossmar/Misys Treasury systems etc.
- Trade Templates and Drafts offer enhanced user customization - buy-side users can easily recall pre-defined fields for frequently repeated trades.
Screen Shots
