Integral Sees 10.6% Monthly ADV Recovery in September

Integral reported the average daily volumes (ADV) of its customers on Tuesday came in at $51.2 billion for the month of September. The figure recovered significantly from the previous month, which is a general trend in the trading industry.

The reported figure went up by 10.6 percent month-over-month and 14 percent from the similar month of the previous year.

“The growth in volumes traded across Integral’s clients is testament to high-quality technology infrastructure that market participants are seeking out when conducting business in the foreign exchange, precious metals, and CFD markets,” the press release shared with Finance Magnates stated.

An Industry Trend

Other companies related to institutional forex reported a significant jump in trading activities for the last month. FXSpotStream, which provides multi-bank foreign exchange aggregation services for forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term instruments, reported a total volume of $1.6 trillion with an ADV of $73.4 billion, which a monthly increase of 20.5 percent.

Integral is a forex trading technology company that was established in 1993. It primarily provides cloud-based SaaS FX workflow solutions and targets a broad range of buy-side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term 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, including banks, brokers, asset managers, and hedge funds,” the press release added.

The reported ADV of Integral combines the activities across all of its platforms, which include TrueFX, the spot trading venue offered by the company, and Integral OCX, which is the ECN service for institutions.

Meanwhile, Integral is strengthening its sales division as it has hired Roland Schilling and Paul Spillman, both as Directors of Sales, Finance Magnates reported earlier.