- Instant connectivity to all major FX ECNs (EBS, Reuters, HotSpot, CME/GFX, Bloomberg)
- Zero up-front technology costs
- Ability to run proprietary algorithms co-located in Integral datacenter
- FX aggregation as a service, hosted by Integral
Integral has just seriously stepped up its game and is presenting a serious threat to other aggregators such as Currenex and EBS with the launch of its fully hosted FX ECN aggregator. Add to that zero upfront costs and you have quite an attractive offering. Up until now most fx brokers have offered Currenex (via prime brokers) as the only upscale alternative to professional traders but now with this offering perhaps they will start considering other options. Integral here also continues its trend of providing a single connection access to various parties and products – something that started with the launch of its cloud based platform few months ago.
Integral Development Corp. (www.integral.com), a leading provider of FX trading solutions and services, announced today that it has expanded its FX liquidity aggregation services to include all major ECNs in foreign exchange. Now, customers on Integral’s FX Grid® can quickly and easily connect with EBS, Hotspot, CME, Bloomberg Tradebook, and soon Reuters Matching. Integral’s FX aggregator, delivered as a service hosted by Integral, offers tremendous cost savings over other technology solutions: Customers incur no upfront technology costs, and only pay fees based on trading volume. This further cements Integral’s leading role in FX aggregation which already included the broadest mix of liquidity from bank and non-bank trading groups and interest-based liquidity (resting orders). This depth and breadth of liquidity sources, in combination with high-powered algorithmic execution, smart order routing, and free tick-by-tick data, reinforces Integral’s FX Grid as the place with the best liquidity and best execution.
“The only way to compete and win in the global foreign exchange market is to be connected to every possible source of liquidity. Identifying, connecting, maintaining and managing that network of counterparts has become a critical success factor,” said Harpal Sandhu, CEO, Integral Development Corp. “For banks, brokers and buy-side traders, Integral’s cloud-based services are the superior alternative to costly and time-consuming do-it-yourself projects or license-and-install software solutions that require heavy integration work and large capital investments.”
Customers are able to run their proprietary algorithms on their dedicated server in Integral’s datacenter, right next to all the market participants in a secure environment. This ensures great execution and virtually no latency.
“We have chosen to partner with Integral because by connecting once into their cloud-based platform, we are instantly in the position to connect with anyone else who is there,” said Gerhard Herda, Head of FX, Raiffeisen Bank International AG (RBI). “The ability to aggregate from a wide variety of liquidity sources, and the freedom to change this selection on the fly, is a key element to our business success.”
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Integral develops and operates FX Grid®, a global Multi-sided Trading technology connecting active market participants with all major sources of FX liquidity. Together with FX Inside Professional™, its real-time 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. © 2011 Integral Development Corp. All rights reserved. Integral technology is protected under U.S. Patent Nos. 6,347,307 B1 and 7,882,011 B2, patent pending applications and related intellectual property.
Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus. In total, around 60,000 employees service about 13.5 million customers through around 3,000 business outlets, the great majority of which are located in CEE.
RBI is a fully-consolidated subsidiary of Raiffeisen Zentralbank Österreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBI’s shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the head office of the entire RZB Group, including RBI.