Integral Sees Demand Recovery in January, ADV Jumps 9.2% MoM

Integral, a prominent technology provider in the foreign exchange (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) market, published its trading metrics for January 2022, showcasing an average daily volume (ADV) of $48.7 billion. This is the total figure generated across all of Integral’s platforms.

The demand on Integral’s platforms increased last month as the ADV went up 9.2 percent month-over-month and 6.3 percent year-over-year.

The recovery came after the company witnessed a dull December when the trading activities declined due to the holiday season.

“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,” Integral stated in the official announcement.

A Major Technology Provider

Established in 1993, Integral is one of the leading financial technology providers in the trading industry. It offers 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 FX market participants, including banks, brokers, asset managers and hedge funds.

It operates globally with brands like TrueFX, the spot trading venue offered by the company, and Integral OCX, ECN services for institutions. The ADV was calculated aggregating the entire liquidity network of the company, including TrueFX and Integral OCX.

Now, Integral is focused on enhancing its services with industry partnerships. CMC Markets Connect, the institutional division of global broker CMC Markets, recently inked a distribution agreement with Integral to make its products available to Integral's clients.

Meanwhile, the trading demand of the overall forex industry increased in January after the December lull as both institutional and retail platforms reported a recovery in their numbers.