Integral has added Lloyds to its foreign exchange network as a liquidity provider, giving the UK bank a route to stream currency pricing to institutional clients that already run the vendor's technology. The Palo Alto-based currency technology firm announced the move on Thursday.

Integral said its clients can now tap Lloyds' pricing across major currency pairs through a single technology stack, which the company said improves pricing depth and 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 quality. Those descriptions come from Integral, which did not publish figures to support them.

The deal slots Lloyds into a distribution system Integral has spent years widening. The firm recently plugged its clients into CME Group's EBS Market and FX Spot+ venues, and it has steadily signed up banks as technology customers.

Lloyds Leans Further Into Electronic FX

For Lloyds, the deal is about pushing its own currency-trading platform.

Sarika Jajoo, Head of Electronic Distribution, Global Markets at the bank, said "2026 marks an important milestone for Lloyds' electronic FX franchise," pointing to volume growth as the bank enters the next phase of its platform plans.

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The bank has been active on the digital side of markets more broadly. Lloyds took part in the first UK use of tokenized real-world assets as collateral for FX trades last year.

It followed that with a sterling tokenized deposit deal on a public blockchain, part of a wider tokenization effort. And banks across the board are spending on electronic distribution.

Nomura, for one, hired a former Standard Chartered executive to run its electronic FX business in January.

Rival Networks Chase the Same Bank Pricing

Integral is far from alone in building platforms that pool bank 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 and pass it through to trading clients.

oneZero runs an ecosystem of more than 200 banks, brokers and funds, and last year pitched regional banks on new FX swap pricing technology.

Deutsche Börse's 360T took a different tack, launching an FX swaps mid-market streaming service with Deutsche Bank and ING on its Swap User Network in 2023. Bank-backed FXSpotStream, owned by its dealer members, runs a streaming venue that has reported record daily volumes.

Integral Keeps Expanding Its Client Roster

Harpal Sandhu, Integral's chief executive, said Lloyds' arrival "further strengthens the range of liquidity available to our clients." The company said it wants to bring together liquidity across venues and asset classes on one platform.

Onboarding banks has become a routine event for Integral. It signed Hungary's OTP Group as a technology client in late 2024, then rolled out its FX suite to Nigeria's Access Bank.

Those deals had the banks adopting Integral's software to run their own trading. The Lloyds arrangement works the other way, with the bank feeding pricing into the network rather than buying the plumbing.

Integral, founded in 1993, keeps offices in Palo Alto, New York, London, Tokyo, Singapore and Bengaluru, and counts banks, brokers, investors and payment companies among its users.