Integral, a technology partner to banks, brokers, and asset managers operating in the in the foreign exchange market, reported today average daily volumes (ADV) across Integral platforms totalled $35.1 billion in June 2020. This represents an increase of 7.7% compared to May 2020, and a decrease of 3.6% compared to the same period in 2019.
The platform offers a 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 liquidity to win market share from their competitors, according to the company.
OCX is directly cross connected with more than 250 liquidity sources supplying more than 3,000 market making streams in NY4, LD4, and TY3. It combines resting limit orders, market-making streams and midpoint interest in a single integrated venue.
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Based in silicon Valley, Integral was founded in 1993 by chief executive officer Harpal Sandhu.
The cloud-based platform helps FX institutions that want to design and deliver complete solutions tailored to their businesses, according to the firm’s linked in profile.
It combines features for liquidity management, pricing, distribution, and risk management. OCX is a modern FX OTC exchange for market makers. It brings a diverse pool of FX market participants into a single integrated network of liquidity.