ODL Securities taps Integral technology for FX trading platform

Source: Integral Development

Integral Development, a leading technology and application provider of private, white label, trading solutions to foreign exchange market participants, today announced that ODL Securities selected Integral to provide the technology and liquidity links for ODL Alpha, ODL's latest FX trading platform for institutional customers.

ODL's customers benefit from a direct market access FX system that combines pricing from ODL's liquidity providers with algorithmic trading to give customers maximum liquidity and best execution. Equally as important, any market participant on Integral's FX Grid®, the foundation of Integral's FX solutions, now has access to all the services that ODL Capital (the prime brokerage division of ODL Securities) offers, including Straight-Through-Processing (STP), clearing and risk management.

"We are proud to announce that ODL Securities decided to rely on the proven success of FX Inside White Label to launch its own trading system," said Harpal Sandhu, CEO, Integral Development Corporation. "This proves again that we have the ideal solution for an organization that is looking for a private FX trading system fueled by multi-bank liquidity, all without incurring the cost and IT infrastructure requirements usually associated with such an endeavor. We also welcome the addition of ODL Capital to the list of prime brokers that are available to market participants on FX Grid."

FX Inside ProfessionalTM algorithmically aggregates and ranks prices from ODL's liquidity providers, giving its customers depth of liquidity and best price, so they can execute the best deal available. FX Inside Professional eliminates the need for viewing multiple FX applications on multiple screens by consolidating them into a single interface. Customers see a complete list of market makers with their associated price streams, giving them full visibility and transparency of the liquidity ODL provides to them. Liquidity is consolidated and displayed with bad, stale, and latent prices filtered out. FX Inside Professional's algorithmic capabilities support executing large trades across multiple liquidity providers and their price tiers.

"We needed a system that is highly customizable to address the distinct needs of our various client segments, flexible enough to support our unique business model, and one that can be branded as our own so we can reinforce our brand identity with customers and prospects," said Alex MacKinnon, Trading Director, ODL Securities. "Integral Development Corporation offers all this as a managed service, which means for us that there is no system software to install and no complicated migration plans."

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