Integral makes play for Cognotec customers

Source: Integral Development Corporation

Integral Development Corporation, a leading provider of FX trading solutions and services, today announced for Cognotec's customers that have been negatively affected by the ongoing disruptions at Cognotec, an opportunity to trade up.

As part of the initiative, Integral offers free access to its systems for a limited time.

Integral continues to be profitable and has enjoyed record growth in 2009. It achieved year-over-year growth of 90 percent. From this position of strength, Integral is extending its support to Cognotec's customers to ensure a smooth transition to a more stable, modern solution. More information can be found at http://www.integral.com/trade-up.

"Integral received several inquiries from concerned customers. None of these institutions should have to suffer from their provider's missteps," said Harpal Sandhu, CEO, Integral Development Corporation. "This is especially true in FX markets that are all about seamless, uninterrupted execution. We are extending support to Cognotec customers to help them to get back to business as usual, as quickly as possible."

Integral said that it is uniquely qualified to do so as it can easily ensure a function for function replacement of Cognotec's intended solutions using Integral technology. Once a Cognotec customer's business has been stabilized on Integral's platform, the option then exists to take advantage of Integral's features and services to gain competitive advantages. The offer further entails for Integral to honor existing service level agreements and functionality. In essence, Integral will take over existing agreements at no additional cost to Cognotec's customers. The offer is valid through March 31, 2010.

"While we have seen other FX solutions providers struggle, Integral has continued to be one of the industry's fastest growing electronic foreign exchange platforms," said Bill Carson, Managing Director, Hudson Ventures. "This is a remarkable achievement given the uncertainties and the restructuring that has occurred in financial markets over the last 16 months."

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