MOUNTAIN VIEW, Calif. (May 16, 2006) – Calyon Financial selected Integral Development Corp. to provide the underlying technology and services for Calyon Financial FX Edge, its new platform for global online foreign exchange (FX) trading. FX Edge will provide Calyon’s customers with access to liquidity from multiple, tier-one banks, to achieve both tighter market spreads and a greater depth of liquidity.
Calyon and its liquidity providers are connected through Integral’s FX Grid connectivity network to consolidate and stream spot prices, via Integral’s FX Inside platform for liquidity sourcing and distribution. FX Edge will enable traders to use a “one-click” system via a browser-based user interface for fast market access.
Additionally, the system connects Calyon’s clients directly through self-service desktop and internet browser applications, creating a complete end-to-end, multi-source liquidity distribution service.
“We were searching for a partner who appreciated both the business complexity and technology reality of delivering a real-time, automated, risk-managed FX solution. Integral and its team of leading edge technologists and business analysts were uniquely positioned to deliver this with us,” said Max Smith, Chief Dealer for FX at Calyon Financial.
“Our FX Grid and FX Inside trading technology platforms provide flexibility and real business efficiencies to deliver end-to-end, automated FX trading solutions,” said Harpal Sandhu, CEO of Integral. “With the fastest network, single API integration, risk management tools, powerful pricing engines, and web-based delivery; nothing comes close in terms of cost, time-to-market and flexibility to meet changing business needs. We are proud to have enabled the Calyon Financial FX Edge solution and look forward to its growth and success.”