-— Himawari Is Deploying Integral’s FX Inside API™ To Access Integral’s FX Grid®
-— FX Grid Combines And Streamlines Liquidity From Multiple Sources Including All
Leading FX Market Makers
TOKYO, Japan, and Mountain View, CA (August 24, 2009) — Integral Development Corporation (www.integral.com) and Himawari Securities, Inc. (http://sec.himawari-group.co.jp/) announced their partnership to provide customers with multi-source liquidity through a connection to Integral’s FX Grid®. FX Grid is a global inter-institutional connectivity and trading network, linking market making banks and liquidity providers to financial institutions. The liquidity in FX Grid is provided by multiple sources including eighteen FX market makers.
Himawari is using Integral’s FX Inside API™, a set of application programming interfaces for accessing liquidity directly from FX Grid. The APIs are used by institutional takers for direct market access to multiple liquidity provider price streams. The APIs can also be offered by brokers to their clients for access to the broker’s price streams. The FX Inside API offers rapid time to market, easy black box integration, and was designed to seamlessly integrate with existing proprietary trading systems.
Atsuro Yamamoto, Director, Himawari Securities, said, “Working with Integral allows us to offer our customers direct market access pricing from multiple liquidity providers. The system offers us the flexibility to respond quickly to changing customer demands. Further, FX Grid’s resilient liquidity provides our customers with a very attractive value proposition.”
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“We are very excited to have partnered with such a renowned broker in this important FX market,“ said Harpal Sandhu, CEO, Integral Development Corporation. “We designed our solutions so that they easily integrate with the systems that a customer has in place. If there is a need, we also offer world-class business support 24/7.”
The FX Inside API can be used to integrate proprietary electronic and algorithmic client-server, browser- based, and mobile application trading systems. The FIX protocol, as well as Java and C++ interfaces, are supported.
FX Grid’s service virtualization and provisioning is the most flexible approach to FX trading systems, with no risk of development, integration, and delivery support costs. It offers the shortest time-to-value realization in a FX trading business. The FX Grid ultra low latency network and systems increase the probability to fill and execute an order and reduce rejection rates from liquidity providers due to delays. In the increasingly volatile FX market, with price changes occurring several hundred times per second, FX Grid lets a user receive published trades and execute a trade request in real time.
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Integral develops and operates FX Grid, a global Multi-sided Trading Facility (MTF) connecting active market participants with all major sources of FX liquidity. Together with FX Inside, its real-time Execution Management System (EMS), Integral’s products represent the intersection of direct market access and algorithmic trading in the foreign exchange markets. Founded in 1993, Integral maintains development, support, and sales offices in Silicon Valley, Chicago, New York, London, Hong Kong, Tokyo, Singapore and Bangalore. Investors include Accel Partners, Adams Street Partners, Hudson Ventures, Ignite Group, Mizuho Capital and Mitsubishi UFJ Capital. For more information, visit www.integral.com.
About Himawari Securities
Himawari Securities is a subsidiary of Himawari Holdings. In October 1998, Himawari Securities was the first company in Japan to start supporting foreign exchange trading with private investors. Himawari Holdings, Inc. is a Japan-based holding company. Along with its subsidiaries, the company has three business segments. The Foreign Exchange (FX) Trading segment is primarily engaged in FX trading activities. The Securities segment specializes in the trading of securities for its clients. The Dealing and Others segment is involved in the dealing of FX margin, securities and CFDs. For more information, visit http://sec.himawari-group.co.jp.