Integral Posts 5.1% MoM ADV Decline Due to August Lull

by Arnab Shome
  • The ADV on the platform came in at $46.3 billion.
  • Other FX platforms also report an ADV decline for last month.
Integral
Integral

Integral reported that the customers’ average daily volumes (ADV) across all offered platforms came in at $46.3 billion in August 2022. The figures released on Monday represent a monthly decline of 5.1 percent but a year-over-year gain of 4.8 percent.

The reported ADV represents trading activities across all Integral's platforms, which includes TrueFX, the spot trading venue offered by the company, and Integral OCX, which is the ECN service for institutions.

The monthly decline was expected as its an industry-wide trend due to the effects of the summer holidays in trading. Other retail and institutional trading venues posted a demand decline in August.

Finance Magnates earlier reported that the forex trading ADV on both Cboe and FXSpotStream declined last month. While ADV on Cboe FX dropped marginally to $37.16 billion from $38.18 billion, FXSpotStream witnessed a drop of 4.9 percent.

On the retail side, Saxo Bank posted a month-over-month ADV decline of 13 percent as it dropped to $4.8 billion in August.

A Major Technology Provider in the FX Industry

Established in 1993, Integral offers technology to forex trading platforms. It primarily provides cloud-based SaaS FX workflow solutions and targets a broad range of buy-side forex market participants, including banks, brokers, asset managers and hedge funds.

“Integral’s cloud-based SaaS FX workflow solutions have been designed to meet the trading needs of the widest variety of buy-side FX market participants,” the company stated. “Clients leverage the deep and diverse FX liquidity available through our platforms within an integrated environment.”

Meanwhile, Integral has strengthened its sales division with a few hires recently. It onboarded two Directors of Sales, Roland Schilling and Paul Spillman.

Integral reported that the customers’ average daily volumes (ADV) across all offered platforms came in at $46.3 billion in August 2022. The figures released on Monday represent a monthly decline of 5.1 percent but a year-over-year gain of 4.8 percent.

The reported ADV represents trading activities across all Integral's platforms, which includes TrueFX, the spot trading venue offered by the company, and Integral OCX, which is the ECN service for institutions.

The monthly decline was expected as its an industry-wide trend due to the effects of the summer holidays in trading. Other retail and institutional trading venues posted a demand decline in August.

Finance Magnates earlier reported that the forex trading ADV on both Cboe and FXSpotStream declined last month. While ADV on Cboe FX dropped marginally to $37.16 billion from $38.18 billion, FXSpotStream witnessed a drop of 4.9 percent.

On the retail side, Saxo Bank posted a month-over-month ADV decline of 13 percent as it dropped to $4.8 billion in August.

A Major Technology Provider in the FX Industry

Established in 1993, Integral offers technology to forex trading platforms. It primarily provides cloud-based SaaS FX workflow solutions and targets a broad range of buy-side forex market participants, including banks, brokers, asset managers and hedge funds.

“Integral’s cloud-based SaaS FX workflow solutions have been designed to meet the trading needs of the widest variety of buy-side FX market participants,” the company stated. “Clients leverage the deep and diverse FX liquidity available through our platforms within an integrated environment.”

Meanwhile, Integral has strengthened its sales division with a few hires recently. It onboarded two Directors of Sales, Roland Schilling and Paul Spillman.

About the Author: Arnab Shome
Arnab Shome
  • 6306 Articles
  • 80 Followers
About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6306 Articles
  • 80 Followers

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