Investex offers a proprietary technology to instantly forward clients' trades to the interbank forex market. Current connections include Bank Of America, Barclays, JP Morgan, Commerzbank, Currenex, SEB, Nomura, HSBC Bank, Deutsche Bank, Societe Generale, UBS, Goldman Sachs, Citibank, BNP Paribas, HotstpotFX and Morgan Stanley, amongst others. Trades are frequently executed in milliseconds.
Each client is able to place Bids/Offers in the market. Users may act as liquidity providers by placing individual bids and offers right into the market through bid/ask type orders. Bids/offers are almost the same as limit orders and are used to buy or sell a currency at a specific price or greater. As well as limit orders, Bids/Offers have a numbner of other benefits. Because all Bids/Offers are placed directly in the market, they can be picked up by other liquidity consumers, avoiding a spread cost for the trader. In addition, traders can set the time period (Good Till Canceled/Good For/Good Till) is which the system is allowed to process the order. In combination, these features make Bids/Offers valuable tools for intraday trading.