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 […]
Integral has begun reporting the monthly average daily volume (ADV) of FX products traded across its platforms, revealing that in April this ADV was $35 billion.
The firm says that this figure is consistent with the ADV that it recorded throughout the first quarter of 2018, which were between $34.5 billion and $38.5 billion.
Speaking to Profit & Loss, Harpal Sandhu, CEO of Integral, says the decision to start publishing monthly trading volumes was driven, in part, by the ongoing curiosity from market participants regarding the platform’s growth.
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.
Integral has announced new enhancements to its Open Currency Exchange (OCX).
The new features include ultra-low latency hardware upgrades providing 80 micro-second roundtrip acknowledgement time, integration with its BankFX, MarginFX and InvestorFX offerings, and the addition of advanced algorithmic trading technologies integrated into the exchange.
These enhancements are delivered through the new OCX trader application and FIX API that allows unified access to liquidity, passive order placement, and algorithmic trading in a single user interface.
Integral says OCX is directly cross connected with more than 250 liquidity sources supplying more than 2,800 market making streams in NY4, LD4 and TY3. In addition, many of its BankFX and MarginFX customers make markets in local currencies through the OCX network.