Cürex Group to Offer Data Analytics Through Cipher Platform to CalPERS

Cürex Group, a foreign exchange focused execution services and data analytics provider, has reached an agreement with CalPERS (The California Public Employees' Retirement System), a U.S. government agency, to provide it with pre- and post-trade data analytics through Cürex's Cipher platform.

Cürex's Cipher platform, a comprehensive pre- and post-trade analytics platform launched in mid-2021, provides real-time analytics for clients who execute their algo trades in Cürex's buy side-only liquidity pool. With Cipher, CalPERS's clients can better manage their FX trading decision, lower their trading costs and improve their trading outcomes.

Meanwhile, CalPERS will continue to provide input to Cürex in the future as it introduces additional tools and enhancements to the Cipher platform.

James Singleton, Chairman and CEO of Cürex, said: "CalPERS is a longstanding leader in seeking to improve the buy side's trading results across asset classes. We're delighted that they are continuing these efforts through their decision to use Cipher and its valuable streaming analytical content. Cürex's unique data drives better insights compared to the alternatives available through other providers. We are grateful for their endorsement of our platform and our best execution efforts."

CalPERS and Cürex are reported to have maintained a trading relationship before the agreement.