Integral, an institutional trading platform provider, released trading volumes for September this Monday. According to the financial technology firm’s statement, it saw a very minor increase in trading volumes in September.
OCX, Integral’s trading platform, is cross-connected with over 250 liquidity sources, supplying more than 3,000 market making streams via data centers in Tokyo, London, and New York. OCX’s market design delivers execution performance by combining resting limit orders, market-making streams, and midpoint interest in a single venue.
“We’re working hard to continue providing the services our bank and broker partners require to grow their businesses,” said Harpal Sandhu, CEO of Integral, commenting on the release of September’s results.
Over the course of August in 2018, Sandhu’s firm reported an average daily trading volume of $33.3 billion. This month that figure increased very slightly to $33.6 billion – a less than one percent month-on-month increase.
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Integral Enjoys Record Year
Looking further back in the year, we can see that September was perhaps indicative of the summer that Integral has had. In July, the firm’s trading volumes were equal to $35.5 billion – very much akin to September’s numbers.
Integral calculates its trading volumes by examining all of its different platforms – BankFX, MarginFX, InvestorFX, and Integral MTF. Trading is done in all markets, including spot, forwards and swaps.
A combination of new clients and high volatility has meant Integral has been able to perform well this year. In April, for example, the firm announced that the on-boarding of new buy-side clients had pushed up trading volumes to record highs of $35 billion.
Concurrently, and as our smart readership is likely well-aware, volatility was very high in the first few months of this year. That led to a big spike in trading volumes for brokers and exchanges across the globe. Since then volumes have leveled out and returned to levels similar to those of late 2017.