FX Inside began live North American trading in late 2004 and launched its European trading operations in early 2005. The system experienced 99.99% scheduled uptime for the first six months, delivering streaming executable prices from Monday open in Sydney to Friday close in New York for 37 currency pairs.
The system is delivered via the Integral Network, a global network of dedicated data connections and datacenters linking the worldâs leading market making foreign exchange banks and their banking and institutional fund customers. Over the next two quarters FX Inside will be deployed on the trading desks of more than 75% of the worldâs leading FX market user banks.
Based on the premise that customers want direct access to their market making banks from a single, easy-to-use system, FX Inside has succeeded in delivering the highest quality liquidity available in the market. The system is delivering superior price resiliency as well as the tightest prices, deepest market and greatest transparency of any platform.
FX professionals attending the 44th ACI World Congress in Stockholm are able to view FX Inside and its new companion application, a Microsoft Excel-based âuser-definedâ algorithmic trading front-end. The combination of market leading liquidity combined with this algorithmic trading platform has led to a broader than expected roll-out.
Harpal Sandhu, CEO of Integral, said: "We are very pleased with the overwhelming success of FX Insideâs initial roll-out phase. Given the complexity of delivering the worldâs first Direct Market Access system for FX, we are very satisfied with the quality of both the liquidity and the service levels provided by the market making banks. In the end, customers are demanding the highest quality liquidity delivered within a powerful algorithmic trading platform. This is exactly what we together with our partner banks have delivered."
FX Inside is the worlds first direct market access and algorithmic trading platform for foreign exchange. Developed in 2004 by Integral Development Corp. in conjunction with leading market making banks, FX Inside provides the highest quality liquidity available today through aggregation of FX spot prices from these banks; enabling a dealer to have a single, executable application for all available electronic FX sources.
By reducing the number of screens to monitor multiple price sources, FX Inside empowers the dealer with greater market visibility and execution capability. The dealer's trading experience is greatly simplified with the convenience of a single screen and one set of dealing keystrokes.