Integral, a foreign exchange (forex) technology company, announced this Wednesday that it has partnered with INTL FCStone Ltd, the British subsidiary of INTL FCStone Inc., to launch a forex trading app built on the Integral platform.
By partnering with Integral, the FCA-authorized firm is able to expand its mobile trading services to its institutional customers. Under the agreement, clients of INTL FCStone Ltd will now have access to the same functionality as the online INTL system through their mobiles.
INTL’s UK branch provides trading and clearing of over-the-counter (OTC) forex instruments. The collaboration with Integral was motivated by increasing demand for mobile trading, the statement said.
Demand for Mobile Apps Continues to Grow
Commenting on the partnership, Mike Wilkins, Head of FX INTL FCStone Europe said: “Responding to the needs of our clients, the INTL FCStone OCX Trader app provides a secure and high-performance destination for mobile trading.”
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“The app delivers all the essential trading tools in combination with the unique features, excellent service and support our clients have come to expect from the group. Our established partnership with Integral meant we were extremely confident we could extend the Integral platform to meet our customers’ mobile trading needs.”
This is not the first partnership of this kind for Integral. As Finance Magnates reported, the FX-focused firm announced a new partnership with the Swiss division of Arab Bank, allowing the bank to provide an FX trading application to its customers that was designed by Integral.
Again, the motivation behind this partnership was driven by consumers’ demand for mobile banking applications. The growing importance of mobile applications in the finance and trading industry was highlighted in a report by Investment Trends, which found that having a mobile version of an investment platform is a key differentiator for investors.
“Integral’s cloud-based technology spans the entire FX lifecycle and offers a full-service solution to clients. The platform can be customized to meet our clients evolving requirements, including the integration of our mobile app technology so their customers can trade whenever and wherever necessary,” added Harpal Sandhu, Integral CEO.