Turkey’s IS Investment Taps Integral to Offer CFDs Products

The expanded partnership allows IS Investment to incorporate CFDs and centralize leveraged products through one provider.

FX technology company, Integral has extended its long-time partnership with Turkish lender, IS Investment, which allows the latter to expand its use of Integral’s trading technology and MT4 Bridge solutions.

IS Investment already taps Integral’s pricing engine infrastructure to facilitate the creation and distribution of many products for each of the customer groups. The expanded partnership now allows Turkey’s largest investment bank to incorporate CFD products and centralize their leveraged products through one provider.

Commenting on the news, Cuneyt Akdemir, Manager at IS Investment’s international capital markets, said: “Through challenging times such as the SNB flash crash, we have experienced firsthand how valuable it is to have a high level of customer service supported with the customizable technology of Integral. By allowing us to scale our business in areas, such as customized FX aggregation, structured derivative hedging, and more recently Contract for Differences (CFD), our cooperation with Integral has proven itself as a strategic partnership which is now a decade long.”

Harpal Sandhu, CEO at Integral added: “We welcome the expansion of our long-standing relationship with IS Investment and are extremely pleased to be able to support them centralize their FX, CFDs and metals products through a single system. Integral’s technology spans the entire FX and CFD trade lifecycle and delivers a customizable solution that ensures IS Investment is strongly positioned to compete and grow its business.”

Integral Launched the 7th Iteration of FXI

On the technology side, Integral has recently upgraded all aspects of the technology stack for its relationship-based trading platform, FX Inside (FXI).

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The upgraded FX liquidity aggregation solution addresses the business needs of brokers, banks, institutional and algorithmic trading clients. Specifically, the web-based trading solution is now available through HTML5 browser and mobile devices, and it enables users to offer a single dealer platform (SDP) to their customers.

This actually catches up with a major shift occurring in the FX market demand for SDP platforms driven by customers’ need for asset class diversification, post-trade support, research and market data.

A cloud-based environment included in the solution allows for complete customization, as well as RFS and ESP trading in spot, outrights, swaps, NDFs, precious metals and CFDs.

Furthermore, Integral deployed the latest FX Inside technology within its Open Currency Exchange (OCX), an FX ECN that connects to over 250 liquidity sources including banks, brokers and asset managers. The OTC venue supplies more than 3,000 market-making streams in NY4, LD4, and TY3. Furthermore, the integration was extended to other Integral’s trading UIs including TrueFX, a prime brokerage product developed in partnership with Jefferies FXPB.

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