Currenex now offers CitiFX Benchmark pricing

CitiFX Benchmark is a market-leading tradeable fixing product that offers a unique level of accuracy, transparency and convenience for pricing global currencies.

First Published by e-Forex News: October, 2004

CitiFX Benchmark is a market-leading tradeable fixing product that offers a unique level of accuracy, transparency and convenience for pricing global currencies. Covering 42 currencies on Spot and 10 on Forward points, FX rates are set twelve times per day, across all major time zones. Benchmark methodology polls the market for an independent, tradable price at a fixing time. The process is fully audited and published five minutes after each fixing.
Vikas Srivastava, head of Global Fixed Income e-Commerce at Citigroup, said: Our strategic alliance with Currenex offers FX customers the ability to transact at transparent and accurate Benchmark rates, through a platform they are already familiar with and integrated to. We are excited about the opportunities that this new development brings.