Tag: Integral Development Corp

Integral Development Corp

Integral Attracts $15 Million Investment

Morgan Stanley Expansion Capital has made a $15 million investment in Integral Development Corp, a capital injection the firms says enables it to continue the growth of its FX technology platform across a broader set of banks, brokers, and asset managers.
“The market opportunity for Integral has never been better,” says Harpal Sandhu, Integral founder and CEO. “Our focus on building the best FX solutions coupled with our unparalleled customer service has given us the largest installed base in the business – more than 200 leading institutions run on the Integral platform. We look forward to partnering with Morgan Stanley Expansion Capital and leveraging their deep experience and global resources.”

Integral Granted MTF Status

Integral Development Corp has received approval from the UK’s Financial Conduct Authority (FCA) to operate a multilateral trading facility.
The firm says the MTF, the technology for which is based upon its Open Currency Exchange (OCX) platform, includes all the features and services necessary for clients to conduct MiFID II compliant trading.
It adds the MTF will provide enhanced surveillance practices, monitoring procedures, and execution analysis for transparent and compliant trading of FX forwards, swaps, and NDFs.
Integral says it will deliver its entire platform with services necessary to meet MiFID II requirements including assistance with pre-trade and post-trade transparency, surveillance, TCA, reporting, and record keeping.

Integral Cuts Brokerage on OCX

Integral Development has cut the fee for trading on its OCX trading platform effective immediately.
The technology provider says it will charge a flat fee of $2.75 per million, in addition the firm says it will not charge third party additional fees, port fees or market data fees.
“Our new pricing model for OCX does even more to improve the economics of running an FX business, providing a repeatable advantage in pricing and liquidity in an era of otherwise decreasing margins and increasing competition,” says Harpal Sandhu, founder and CEO of Integral.