Integral Development has officially launched FX Power Trader, a white label retail margin trading system that includes strategies, advanced order types, charting, and market news.
Barclays Wealth was the first to market, earlier this month, with a service for its private clients that leverages FX Power Trader technology (see Profit & Loss, April issue).
FX Power Trader is a managed – or hosted – service and enables banks and brokers to go live quickly in a cost effective manner. When deployed in combination with Integral’s FX Grid, banks and brokers can aggregate direct market access liquidity to deliver customised price streams to their clients.
FX Power Trader is the result of a two-year program with some of Integral’s major customers, says Harpal Sandhu, Integral’s CEO.
"FX margin brokers represent our fastest growing client segment and we expect deployments to remain strong throughout 2008. In addition, with the anticipated regulatory changes in minimum capital requirements for these brokers, the ability to shift capital away from IT infrastructure and still provide the highest quality of service will be a competitive advantage for our partners," Sandhu says.
Jon Barker, Integral’s vice president of global sales, says the company is working with a variety of clients globally who are looking to build or enhance their retail business.
"In every case, these banks and brokers recognise the substantial economic benefits of our direct access model, accompanied by the high level of client and risk management services, and advanced trading technology long associated with Integral," he says.