Integral’s FX Volumes Decline for Second Month in a Row

Institutional trading platform provider Integral reported its monthly ‎trading volumes for February 2019, which declined for the second month in a row, ultimately adding to its weak performance in January. ‎

During February 2019, Integral disclosed that a total ADV of $33.3 billion was traded, which was lower by four percent over a monthly timeframe, compared to $34.7 billion reported back in January 2019.

“No other platform reaches as many, as varied, and as comprehensive a set of FX products and participants as Integral OCXTM. Banks, brokers, and asset managers now share direct access to OCX and use this unique 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 to win market share from their competitors,” the company said.

Integral’s Open Currency Exchange (OCX) brings a wide spectrum of FX market participants into a single integrated network of liquidity, where they can trade with each other. Clients of the OCX pay a monthly fee for access to the exchange, instead of per-trade fees. While it initially launched with a monthly subscription cost of $275, it was soon lowered to $2.75 per million to accommodate the trading volume of each user, rather than imposing an even charge to clients of all sizes.

Tending to the Recent Surge in Demand for Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term

Since the deployment of the platform in 2015, Integral has been working on several enhancements which bring major changes for existing clients that use the OCX, and which could also attract new customers.

The Silicon Valley-based firm announced last month that it is beginning a co-operation with a cryptocurrency exchange called Mint Exchange. The crypto venue has licensed a trading terminal powered by Integral to help launch its “institutional grade cryptocurrency exchange.”

Integral has been tending to the recent surge in demand for cryptocurrencies. The financial technology company initially integrated a handful of the world’s leading digital currencies into its OCX trading platform in late 2017. And earlier last year, it expanded its crypto offering to include 14 different virtual coins, linking 16 crypto exchanges from around the world.