Morgan Stanley has invested $15 million in foreign exchange technology outfit Integral.
Launched in 1993, Integral offers a cloud-based workflow management and trading platform covering the full product lifecycle of an FX trade. Integral also runs over-the-counter FX venue OCXTM, which connects over 250 banks, brokers and asset managers in the search for liquidity.
“The market opportunity for Integral has never been better,” says Harpal Sandhu, Integral founder and CEO. “Our focus on building the best FX solutions coupled with our unparalleled customer service has given us the largest installed base in the business - more than 200 leading institutions run on the Integral platform."
He says the firm will partner with Morgan Stanley to take advantage of the broker's deep experience and global resources.
Robert Bassman, managing principal, Morgan Stanley Expansion Capital, says: “We are excited to partner with Integral to support their continued growth and market expansion. We believe that Harpal and his team have developed an innovative and best-in-class FX technology platform which successfully addresses the unique needs of its customer base,. We seek to invest in proven and scalable companies that provide highly differentiated offerings like Integral.”
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