Integral to Upgrade Chapdelaine FX Platform to Cope with Challenge of Social Trading

Integral Development Corp. (Integral), an FX trading network, and Chapdelaine FX, a division of Tullett Prebon, today announced two significant upgrades to the Chapdelaine FX platform they hope will further differentiate their offering from other services.

Chapdelaine FX explained that the firm had been looking for a technology solution provider that excels at both delivering ticket throughput and advanced execution algorithms to respond to its clients’ demands. These capabilities are critical to two significant market segments, wholesale FX brokers as well as fund managers.

The first solution addresses the rise of social trading strategies where MT4 wholesale brokers need to execute high bursts of orders in excess of 10,000 per second, while allocating the fills of these trades fairly across all users. With this new upgrade, Chapdelaine FX now offers a solution that makes social trading manageable by high volume wholesale brokers based on Integral technology.

The second service was developed for fund managers looking for best Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and transaction cost analysis (TCA). The firm says they stand to benefit from the addition of advanced time-slice algorithms when executing trades in the market. Both innovations were jointly developed by Integral and Chapdelaine FX, and said to provide a distinct advantage in today’s competitive market. These services are available as two distinct liquidity hubs on Integral’s FX Grid.

Douglas Borthwick, Managing Director, Desk Manager and Broker on the Chapdelaine FX desk, commented, “Integral's FX Grid is an industry leader in the FX platform space, providing many end-users with a wealth of liquidity and STP options. Chapdelaine FX is excited to offer financial institutions on the network the benefits of our additive liquidity without the on-boarding and credit difficulties that often arise when adding multiple Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term. To receive our unique liquidity, clients need only ask and we will take it from there.”

“We are excited about partnering with Tullett Prebon’s Chapdelaine FX in developing industry-leading capabilities that respond to current market needs,” said Harpal Sandhu, CEO, Integral Development Corp. “As a technology provider to market participants, our goal is to help our customers be more successful by enabling them to better serve their clients. Working together, our two firms were able to add greater value to the market,”Sandhu added.