Integral, which is a technology provider in the forex trading industry, published its trading metrics for April, reporting a month-over-month slow down in demand, but a solid jump when compared to the numbers a year ago.
According to the press release shared with Finance Magnates, the total trading volume on the platform for last month came in at $43.3 billion, which is 23.4 percent higher than the numbers in April 2020. However, trading activities declined by 19.2 percent from the previous month’s $53.6 billion in ADV.
March 2021 was the second-best month recorded by Integral in terms of trading demand and was only behind the volumes generated exactly a year ago when the markets were under the influence of Covid-spurred volatility. The surge in trading a couple of months before was organic and in line with the industry trend.
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A Major FX Industry Player
Integral was founded in 1993 and has a global presence with sales offices in Palo Alto, New York, London, Tokyo, Singapore and Bangalore. It offers services under several brands like TrueFX, the spot trading venue offered by the company and Integral OCX, ECN services for institutions.
The company highlighted that the reported monthly ADV represents volumes traded across the group’s entire liquidity network.
“Our clients leverage the deep and diverse FX liquidity available through our platforms and have the choice to trade any execution-style required, all within an integrated environment,” Integral noted.
Meanwhile, it is still expanding its industry reach with many new partnerships. Earlier this year, it closed deals with Raiffeisen Bank International, IS Investment, and Spuerkeess and expanded its decade-long partnership with Squisequote with another multi-year agreement.