Integral Reports 20% MoM Growth in FX Volumes

The tech firm said that its Open Currency Exchange has been key to its success

Foreign exchange (FX) trading firm Integral released trading volumes for June of this year on Tuesday.

The FX Industry Demands the Best – London Summit 2019

The technology provider saw total trading volumes of $36.4 billion last month across its different platforms and in a variety of transaction types, including spot, forwards and forwards.

Last month’s volumes were a significant improvement on May, when the firm recorded total trading volumes of approximately $30.5 billion. In fact, in percentage terms, trading volumes increased by just under 20 percent from May to June of this year.

Compared to last year, things weren’t quite as peachy.

In June of 2018, Integral reported total trading FX trading volumes of $39.9 billion.

That means that the technology firm’s FX volumes for last month were almost 19 percent lower than last year.

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OCX is integral

In a statement, Integral highlighted the role that its Open Currency Exchange (OCX) plays in its FX trading activity.

Launched in 2015, the OCX provides an order-matching service for FX market participants. According to Integral, OCX clients now include banks, brokers, and asset managers.

“No other platform reaches as many, as varied, and as comprehensive a set of FX products and participants as Integral OCX,” the firm said in a statement.

“[Users of the service] now share direct access to OCX and use this unique liquidity to win market share from their competitors.”

Integral’s chief executive officer Harpal Sandu will be speaking at the Barcelona Trading Conference in just under two weeks.

So, if you want to see what he has to say about the world of crypto in his role as chairman of Mint Exchange, then grab your free ticket as soon as possible!

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