State Street acquisition of Currenex sends shock waves
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The full price being paid for the trading platform-cum-technology vendor beats bench-marks set last year from the sale of similar electronic trading systems, analysts said.
"The deal certainly reflects the strength of State Street's focus on the space," said Justyn Trenner, chief executive of client strategy firm ClientKnowledge in London. "It places a public valuation on Currenex that is perhaps ahead of the valuation achieved for FXall last year – perhaps reflecting market forces but also the
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