Integral targets FX and derivatives e-commerce

Integral targets FX and derivatives e-commerce

California's Integral has introduced a set of e-commerce products for banks to build their own direct e-commerce sites, create multi-bank online marketplaces, and integrate into other marketplaces, including the Atriax portal announced by Chase, Citibank, Deutsche Bank and Reuters.

The products are all built on the Integral e-commerce platform for capital markets, which applies enterprise Java, XML and Web-based technologies. Integral claims it is the only available platform that offers multiple trading mechanisms including a multi-bank request-for-quote engine, and integration that automates the credit approval and pricing process.

The Integral Bank Direct Portal for FX is designed to handle high volume, real-time trading via multiple trading mechanisms and enables automated trading using criteria established by each bank including credit, limits, and pricing.

A Direct Derivatives Portal has also been developed to enable real-time on-line trading of complex and structured derivatives. The portal leverages bank in-house analytics to give traders a more detailed and immediate deal valuation and review, says Integral. A multi-bank version supports collaborative involvement in e-commerce markets.

Connnect is the Integral API, designed to provide integration between the bank's automated dealing systems and both the Integral Bank Direct and Multi-Bank Portal. It supports foreign exchange, money markets, and derivatives and provides banks with an automated mechanism to push prices, and to check limits and credit lines.

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