Integral’s January Volume Remains Strong YoY Despite Monthly Dip

ADV for the month came in at $45.8 billion, compared to December’s $48.5 billion.

Foreign exchange technology provider, Integral has posted its metrics for January 2021, reporting a total average daily volume (ADV) of $45.8 billion across all its platforms, which is a decrease of 5.6 percent on the previous month. However, the latest ADV gained 29 percent from the corresponding month in the previous year.

Integral’s ADV soared heavily last year. Similar to any other players in the trading market, Integral’s volume peaked in March at $55.6 billion, but that gain normalized in the consecutive months.

December’s ADV on the company’s platforms came in at $48.5 billion, making that one of the best months since the March peak. Though January’s figure slipped month-on-month, it still is higher than most of the months in 2020, showing an impressive growth trend.

Maintaining the FX Dominance

Founded in 1993, Integral has sales offices in Palo Alto, New York, London, Tokyo, Singapore and Bangalore. It is a major company in the forex trading industry, offering a wide range of services with brands like TrueFX, the spot trading venue offered by the company, and Integral OCX, ECN services for institutions. 

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The company primarily meets the forex execution needs of institutions like banks, brokers, asset managers and hedge funds. The reported ADV shows the demand across its entire liquidity network.

While Integral’s ADV shrunk in January, compared to December, platforms like Cboe FX and FXSpotStream witnessed the opposite trend. Interestingly, Integral’s volume soared in December, a month when the entire industry remained dull due to the year-end holidays.

Meanwhile, Integral is inking deals with several other companies, strengthening its position further in the market. Most recently, Turkish lender, IS Investment expanded its partnership with Integral for offering CFDs products.

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