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 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 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.
