XTX lawyers urge court to deny Currenex’s dismissal motion

Lawyers representing XTX Markets and two other financial firms have asked a New York court to deny a motion from Currenex to dismiss the proposed class-action lawsuit it is facing, arguing that the FX trading platform is trying to split the case, which could yield conflicting legal results.

Currenex and its parent company State Street filed a motion in March asking the Southern District Court of New York to toss out the complaint for a lack of personal jurisdiction. They argued that the matter