Cürex Group Announces the Launch of Pre-Trade Market Check Time Stamp Capability

Curex’s pre-trade time stamp is an immediate game changer for institutions struggling with MiFID II difficult requirements.

The Cürex Group [Cürex], a New York City-based institutional foreign exchange execution services and data analytics company, announced today its plan to introduce additional functionality to its pre-trade analytics platform. The new capability will allow Cürex’s customers to prove their compliance with MiFID II’s mandated pre-trade market check through a time stamp provision, which provides recorded proof that the market check took place before an FX trade was executed.

Commenting on this technology innovation, Jamie Singleton, Cürex Group Chairman and CEO said, “Our pre-trade time stamp is an immediate game changer for institutions struggling with this difficult requirement. MiFID II’s best execution mandate includes a required pre-trade market check that is both systematic and embedded in the client’s policies and practices. In addition, institutions are required to keep records that both prove their compliance and provide them the basis to improve their practices over time.”

Singleton explained that Cürex’s pre-trade market check time stamp will be included both on each client’s FX trade confirmation and in end-of-day trading reports that Cürex provides to its customers. Cürex’s unique pre-trade analytics are derived from live, streaming and only executable no last look prices and include a live spread development report, a historical spread report and a live volatility report. Customers have easy access to analytics via the web, which eliminates difficult technical integrations that are both time and money consuming.

Singleton added, “Cürex has built simple yet powerful…

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