Foreign exchange (forex) technology provider Integral announced this Wednesday that it has been selected by one of the sponsored clearing members of TrueFX, Velocity Trade, to update its workflow automation and trading technology.
In particular, Velocity Trade, an international broker-dealer, will use Integral’s workflow automation and trading technology across its eFX and contracts for difference (CFD) trading network.
Under the agreement, Velocity Trade will be able to completely automate and customize its eFX and CFD workflow. This includes pricing and risk management tools, combined with a trading platform and mobile trading app, which supports Velocity Trade’s suite of FX and CFD products.
Velocity Trade to upgrade existing service
Commenting on the partnership, Ben Brown, Head of FX at Velocity Trade, said in the statement: “We selected Integral having sought a solution that allowed us to upgrade our existing FX and CFD service to clients while ensuring we continue to add more robust and reliable technology across the workflow. Velocity Trade is pleased to extend its partnership with Integral and meet our customers’ growing needs with best-in-class technology.”
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The updates, which will be rolled out across Velocity Trade, allow the company to maintain tailored FX and CFD services for its institutional client base. Integral’s technology has already been integrated into the company’s existing trading systems.
Integral continues market partnerships
“Velocity Trade is committed to providing a seamless and complete experience to its FX customers. Integral’s cloud-based technology spans the entire FX lifecycle and offers a customizable solution, ensuring Velocity Trade is positioned strongly to compete and grow its business,” added Harpal Sandhu, CEO, Integral in the statement.
In recent months, Integral has announced a series of partnerships. As Finance Magnates reported, the forex technology provider recently partnered with Western Union to employ its eFX risk management technology across the Western Union Business Solutions platform.
Towards the end of last year, the company also announced a similar deal with Straits Financial Group, in which the latter deployed Integral’s new eFX workflow automation and trading technology.