Integral Delivers FX Grid 2.0; Lowest Latency FX Network in Existence

MOUNTAIN VIEW, Calif. (October 3, 2005) – Integral Development Corp. today announced the successful deployment of FX Grid 2.0 in London, New York and Tokyo as an extension to its existing datacenter in San Jose. Previously named the Integral Integration Network, FX Grid is a global real-time connectivity solution linking foreign exchange customers directly with their liquidity providers.

"This FX Grid upgrade and extension minimizes physical distances and reduces internal routing time to less than three milliseconds, delivering the fastest network connection available today between FX liquidity suppliers and their customers," said Harpal Sandhu, CEO of Integral. "The network is the basis of a number of bank proprietary platforms and is also the underlying platform for FX Inside, Integral’s direct market access system for FX trading."

The liquidity pool created by FX Grid, launched in 2003 as the Integral Integration Network, is now accessed by more than 100 banks and FX trading parties on a daily basis. In addition, nine of the world’s leading FX market-making institutions provide liquidity to their customers in Europe, North America and Asia via the network.

"Network latency causes a direct P&L tax to liquidity providers," said Sandhu. "While Integral’s liquidity routing servers are the fastest on the market, these three additional datacenters span the globe to provide an even more direct connection between providers and customers, giving market participants a substantial competitive advantage."

Version 2.0 supports the extension of the grid to the edge of the network, including internal client datacenters, providing seamless connectivity to proprietary liquidity sources with the shortest possible data path. It also supports access to direct and indirect order-driven market makers, electronic brokerage systems, and FX ECNs.

"With the addition of these new liquidity sources, clients can now directly access the widest set of FX liquidity providers through the lowest latency FX network in existence," Sandhu added.

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