Integral Development ships FX ECN aggregator

Source: Integral Development

Integral Development, a leading provider of FX trading solutions and services, announced today that it has expanded its FX liquidity aggregation services to include all major ECNs in foreign exchange.

Now, customers on Integral's FX Grid can quickly and easily connect with EBS, Hotspot, CME, Bloomberg Tradebook, and soon Reuters Matching. Integral's FX aggregator, delivered as a service hosted by Integral, offers tremendous cost savings over other technology solutions: Customers incur no upfront technology costs, and only pay fees based on trading volume. This further cements Integral's leading role in FX aggregation which already included the broadest mix of liquidity from bank and non-bank trading groups and interest-based liquidity (resting orders). This depth and breadth of liquidity sources, in combination with high-powered algorithmic execution, smart order routing, and free tick-by-tick data, reinforces Integral's FX Grid as the place with the best liquidity and best execution.

"The only way to compete and win in the global foreign exchange market is to be connected to every possible source of liquidity. Identifying, connecting, maintaining and managing that network of counterparts has become a critical success factor," said Harpal Sandhu, CEO, Integral Development Corp. "For banks, brokers and buy-side traders, Integral's cloud-based services are the superior alternative to costly and time-consuming do-it-yourself projects or license-and-install software solutions that require heavy integration work and large capital investments."

Customers are able to run their proprietary algorithms on their dedicated server in Integral's datacenter, right next to all the market participants in a secure environment. This ensures great execution and virtually no latency.

"We have chosen to partner with Integral because by connecting once into their cloud-based platform, we are instantly in the position to connect with anyone else who is there," said Gerhard Herda, Head of FX, Raiffeisen Bank International AG (RBI). "The ability to aggregate from a wide variety of liquidity sources, and the freedom to change this selection on the fly, is a key element to our business success." 

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