Integral receives patent for OTC prices aggregation, will it block other aggregators?
Integral just announced that it received a patent that covers aggregation and distribution of prices from multiple venues. One could now speculate whether Integral will use this patent to block all other aggregators (and competitors) such as Currenex. Integral didn't announce such an intention but I have no doubt that this may be put to use sooner than later. This would of course come down to whether all other aggregators are using exactly same aggregation methods as Integral or not.
MOUNTAIN VIEW, Calif. (June 27, 2011) — Integral Development Corp. (www.integral.com), a leading provider of FX trading solutions and services, announced today the issuance of U.S. patent No. 7,882,011, titled “Systems and Methods of Conducting Financial Transactions.” The recently issued patent, in general covers electronically sourcing prices from multiple locations, the aggregation and sorting of these prices, and a possible second sort based on even more detailed user-defined preferences.
“We are very proud to have received this patent,” said Harpal Sandhu, CEO, Integral Development Corp. “This invention provides yet another validation of the technological innovation that Integral has been bringing to the market since 1993 for the benefit of its business partners.”
This patent complements Integral’s US Patent 6,347,307 titled “System and Method for Conducting Web-based Financial Transactions in Capital Markets”, which among other innovation covers the use of tag based languages (XML) in the electronic negotiation, Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and settlement of OTC financial products over the Internet.
Added Sandhu, “OTC markets are by definition fragmented in part, yet require connectivity in order to be integrated with computing systems. Therefore, technologies that assist with the defining of complex transactions in computer-readable languages, and orchestrate the aggregation process, are at the heart of what electronic trading is all about. We look forward to partnering with others who might benefit from the use of this technology.”
The full texts of the patents are available on the website of the United States Patent and Trademark Office (www.uspto.gov). One can search its database by patent number here: https://patft.uspto.gov/netahtml/PTO/srchnum.htm
About Integral
Integral develops and operates FX Grid, a global Multi-sided Trading technology connecting active market participants with all major sources of FX 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. Together with FX Inside, 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.
Grab your latest copy of the Forex Magnates Retail Forex Industry Report for Q1 2011.
Integral just announced that it received a patent that covers aggregation and distribution of prices from multiple venues. One could now speculate whether Integral will use this patent to block all other aggregators (and competitors) such as Currenex. Integral didn't announce such an intention but I have no doubt that this may be put to use sooner than later. This would of course come down to whether all other aggregators are using exactly same aggregation methods as Integral or not.
MOUNTAIN VIEW, Calif. (June 27, 2011) — Integral Development Corp. (www.integral.com), a leading provider of FX trading solutions and services, announced today the issuance of U.S. patent No. 7,882,011, titled “Systems and Methods of Conducting Financial Transactions.” The recently issued patent, in general covers electronically sourcing prices from multiple locations, the aggregation and sorting of these prices, and a possible second sort based on even more detailed user-defined preferences.
“We are very proud to have received this patent,” said Harpal Sandhu, CEO, Integral Development Corp. “This invention provides yet another validation of the technological innovation that Integral has been bringing to the market since 1993 for the benefit of its business partners.”
This patent complements Integral’s US Patent 6,347,307 titled “System and Method for Conducting Web-based Financial Transactions in Capital Markets”, which among other innovation covers the use of tag based languages (XML) in the electronic negotiation, Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and settlement of OTC financial products over the Internet.
Added Sandhu, “OTC markets are by definition fragmented in part, yet require connectivity in order to be integrated with computing systems. Therefore, technologies that assist with the defining of complex transactions in computer-readable languages, and orchestrate the aggregation process, are at the heart of what electronic trading is all about. We look forward to partnering with others who might benefit from the use of this technology.”
The full texts of the patents are available on the website of the United States Patent and Trademark Office (www.uspto.gov). One can search its database by patent number here: https://patft.uspto.gov/netahtml/PTO/srchnum.htm
About Integral
Integral develops and operates FX Grid, a global Multi-sided Trading technology connecting active market participants with all major sources of FX 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. Together with FX Inside, 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.
Grab your latest copy of the Forex Magnates Retail Forex Industry Report for Q1 2011.