Integral has been involved with a number of other upgrades and initiatives this year, including the recent upgrade to the Chapdelaine FX Platform, in a bid to foster greater social trading capabilities.
This launch is the company’s latest ambition to provide a comprehensive FX risk management suite to clients, on both the institutional and retail side. The structural framework behind FX Yield Manager will rely on several utilities, including customer flow tooling, automated risk warehousing and a robust risk dashboard.
According to Harpal Sandhu, CEO, Integral Development Corp, in a recent statement on the launch, “Risk managed yield capture is at the core of what drives profitability for FX market participants, but until now
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to do it properly entailed prohibitively expensive technology investments for most financial intermediaries.”
Indeed, FX Yield Manager targets FX banks and brokers, both of which stand to benefit from improved efficiency and counter risk measures. Integral hopes the new tailored functions afforded by the FX Yield Manager will ultimately help in the analysis and management of customer order flows. FX Yield Manager will be available to existing Integral customers and is slated to reach wider distribution early in 2015.
“We built a solution that allows FX banks and brokers to truly understand their customer flow in real time, on a level that lets them deliver optimal pricing to customers; while at the same time harnessing the most value from internalizing order flow. They now are in a position to become a true market maker. But instead of any one market participant having to spend years and invest tens of millions dollars to develop a system in-house, we offer it as a turn-key service,” Sandhu added.
“You can only manage what you can see. Yield Manager will provide us with every data point we need to manage our FX flows in a way that has been very difficult to achieve. This offering is a real game-changer and will allow for a level of sophistication in risk management in FX that was unavailable before,” noted Alex Mackinnon, General Manager, Axicorp, in an accompanying statement.
According to Peter Brooks, Head of e-FX at Sucden Financial, “Many margin FX brokers tell us that managing risk across multiple front ends and servers presents an operational challenge. This product is designed to bridge those gaps by providing an aggregated view across all, whilst offering a myriad of new risk management functionality. We believe these capabilities will be attractive to margin FX brokers when considering us as their Prime of Prime broker.”