Integral Names FX Veteran Sanjay Madgavkar as CSO
- Madgavkar also holds the position of Head of Business Development with the firm.

Foreign exchange (forex) technology company Integral announced this Wednesday that it has appointed a new Chief Strategy Officer and Head of Business Development - Sanjay Madgavkar.
In this new role, Madgavkar will set the business strategy and will be responsible for identifying new markets and opportunities for the company, the statement said. In addition, he will manage senior relationships with the firm’s clients and strategic partners.
Madgavkar is a veteran in the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Read this Term sector, having spent the majority of his career at Citi. Specifically, he brings more than two decades of experience working in the FX industry, initially starting out in FX sales in 1997.

Commenting on the appointment, Harpal Sandhu, the Chief Executive Officer of Integral said: “Sanjay is one of the most highly respected and knowledgeable people in our industry.
“He joins us at an exciting time because advancements we’ve made to our platform enable Integral to impact the entire FX market. Sanjay’s experience will be critical in guiding the company as we continue to grow, and I look forward to working with him.”
Sanjay Madgavkar's Career in FX
During his 20-year tenure with the firm, he held a number of roles. Such as Co-Head of Citi's FX and FI e-commerce business in North America and Head of Citi's Margin FX trading business.
His most recent position with the United States-based firm was Managing Director and Global Head of Citi’s FX Prime Brokerage. He commenced this position in May 2012, having been promoted from his prior role of Global Head of Margin FX Trading.
“I have known and partnered with Integral throughout my career. They have always been the technology leader in the FX industry. Joining this outstanding executive team is an honor,” added Madgavkar.
“Together I believe we will take Integral to the next level where all market participants will have access to the most sophisticated FX technology available.”
Foreign exchange (forex) technology company Integral announced this Wednesday that it has appointed a new Chief Strategy Officer and Head of Business Development - Sanjay Madgavkar.
In this new role, Madgavkar will set the business strategy and will be responsible for identifying new markets and opportunities for the company, the statement said. In addition, he will manage senior relationships with the firm’s clients and strategic partners.
Madgavkar is a veteran in the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Read this Term sector, having spent the majority of his career at Citi. Specifically, he brings more than two decades of experience working in the FX industry, initially starting out in FX sales in 1997.

Commenting on the appointment, Harpal Sandhu, the Chief Executive Officer of Integral said: “Sanjay is one of the most highly respected and knowledgeable people in our industry.
“He joins us at an exciting time because advancements we’ve made to our platform enable Integral to impact the entire FX market. Sanjay’s experience will be critical in guiding the company as we continue to grow, and I look forward to working with him.”
Sanjay Madgavkar's Career in FX
During his 20-year tenure with the firm, he held a number of roles. Such as Co-Head of Citi's FX and FI e-commerce business in North America and Head of Citi's Margin FX trading business.
His most recent position with the United States-based firm was Managing Director and Global Head of Citi’s FX Prime Brokerage. He commenced this position in May 2012, having been promoted from his prior role of Global Head of Margin FX Trading.
“I have known and partnered with Integral throughout my career. They have always been the technology leader in the FX industry. Joining this outstanding executive team is an honor,” added Madgavkar.
“Together I believe we will take Integral to the next level where all market participants will have access to the most sophisticated FX technology available.”