Integral
Integral’s average daily volume (ADV) for December 2019 was $36.3 billion, up 6.8% from November 2019. However, Integral’s December ADV represents a 6.6% decline year-on-year and Profit & Loss previously reported that November last year was a slow month for FX trading activity generally. The fact that Integral’s numbers were up month-on-month but down year-on-year […]
Following downbeat reports from other venues earlier this week, the primary FX venues have also released weak volume data for November, with all three of CME, EBS and Refinitiv Matching reporting their lowest ADV for the year to date – the latter two platforms actually hitting their lowest ADV since they started reporting data over […]
Integral has partnered with Jefferies to launch a new liquidity network called TrueFX, which aims to leverage the former’s technology and the latter’s credit intermediation services to reduce trading costs for buy side firms, which includes retail brokers, macro hedge funds, prime of primes, and regional banks. Essentially, the aim of this initiative is to […]
Singapore-based brokerage firm Straits Financial Group has announced that it has partnered with Integral to deploy new e-FX workflow automation and trading technology to drive business growth. Integral BankFX was the solution selected by Straits Financial, who working in collaboration with Integral were able to design and deliver a bespoke solution to service existing customers […]
There’s been little by way of discernable trends amongst the trading volumes reported for September by the first set of FX trading platforms to do so publicly. Cboe FX reported an average daily volume (ADV) of $30.4 billion for September, down 8.2% from the $33.1 billion it reported in August and down 15% from the […]
Vikas Srivastava, chief revenue officer at Integral, talks to Profit & Loss about why the software-as-a-service model is increasingly gaining traction in FX, and how it might prove to be a democratising force for the industry. Profit & Loss: What’s the biggest technology challenge you see FX firms facing today? Vikas Srivastava: One of the […]
INTL FCStone has deployed an FX trading app built on the Integral platform to expand mobile trading services to its institutional customers. Mike Wilkins, head of FX at INTL FCStone, Europe, comments: “Responding to the needs of our clients, the INTL FCStone OCX Trader app provides a secure and high-performance destination for mobile trading. The […]
Data from three primary FX venues has confirmed earlier releases from platforms indicating that while spot FX activity rebounded in May from a poor April, it remains lower around 20-25% lower year-on-year. Refinitiv says its platforms handled $86 billion per day in May, up 6.2% from April but down 19.6% from May 2018 and it […]
Former head of FX prime brokerage at Citi Sanjay Madgavkar has joined Integral Development’s executive team as chief strategy officer and head of business development. Madgavkar has spent much of his career at Citi and brings more than 20 years of experience in every aspect of foreign exchange to Integral. He will be responsible for […]
IS Prime has extended its multi-asset liquidity distribution through a partnership with Integral. IS Prime’s FX and index swaps liquidity is now available through Integral’s OCX platform. Index swaps are IS Prime’s proprietary product, delivering pricing and execution on indices and commodities globally. “IS Prime is an exciting addition to the Integral OCX marketplace and […]
