The integration technology enabling the retail forex sector to access the Integral FX Grid is being generally released today. It enables brokers to configure aggregated pricing streams from multiple sources on the FX Grid and tailor them to their individual business models.
Harpal Sandhu, Integralâs CEO, said: âAs retail forex trading is growing rapidly, many brokers are specializing in the sector while banks and other financial service firms are moving quickly to add forex trading to their service offerings.â
âThese initial integration agreements, and several others to be announced, are serving as a catalyst for growth by allowing brokers to bypass single source pricing systems and allow their clients to leverage transparent, multi-source liquidity from the FX Grid,â he added.
The integration agreements between Integral and PFSoft for ProTrader and Boston Technologies, MetaQuotesâ USA representative for MetaTrader 4, are the first of their kind to be implemented. MetaQuotes and PFSoft each specialize in financial trading software solutions for retail forex.
Denis Borisovsky, CEO of PFSoft, said: âAccess to Integral technology and its connectivity with the major bank liquidity providers has tremendous appeal to our broker clients. With retail volume skyrocketing worldwide, we wanted to enhance our solution by integrating with a global network offering greater scale, depth of liquidity and price transparency.â
George Popescu, CEO of Boston Technologies, said: âLiquidity and pricing are key to the success of our brokersâ MetaTrader 4 retail trading systems. Single point access to multi-source liquidity and aggregation greatly enhances our solutions right out-of-the-boxâ.
Viral Tolat, Integralâs co-founder and Chief Technology Officer, said: âOur technology is delivered as Software-as-a-Service (SaaS) so the ProTrader and MetaTrader 4 integration is quick, easy and is accomplished without adding new IT infrastructure or software.â