It is inevitable that a glitch will hit any system at some point in time. This Wednesday it was the turn of Currenex, which is widely regarded as one of the best platforms and technology providers in FX. A few years ago, few people would have even noticed if Currenex wasn’t working but, as its chief executive, Cliff Lewis, points out, it’s now too big to fly below the radar.
I was alerted to the problem when I was told that JPMorgan’s JPeX FX platform was down because of a problem with Currenex.
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