â Orders up to 100 million Euros executed with immediacy and zero slippage
During a record breaking day for FX markets that caused outages and interruptions of service for some market participants, Integral Development Corp. (www.integral.com) reported flawless execution. On Thursday, May 6, 2010, FX GridÂ® processed more than 1,600 trades and 3,100,000 rates per minute at peak times. FX Grid is an OTC FX trading network, linking market making financial institutions with FX market participants. Over the course of the day, FX Grid processed more than 150,000 trades powering hundreds of white-labeled FX markets. Over 200 institutions and 1,500 trading parties have deployed Integralâs aggregation services as the basis of their successful FX businesses.
âIt is only under market stress that one finds out which promises from service providers are actually true. Integral promised unrivaled liquidity and execution and we delivered,â said Harpal Sandhu, CEO, Integral Development Corp. âOur fault-tolerant systems provided non-stop access to pricing and execution, even in the face of outages from individual contributing banks and technology service providers. Aggregation really works if you partner with a world-class service provider like Integral.â
Added Sandhu: âAs the provider and operator of FX Grid, we had a front-row view into the market activity. While a number of single-bank feeds intermittently failed to supply liquidity, Integralâs aggregated dealer-driven liquidity remained rock solid and delivered superior execution. In fact, some clients executed orders of up to 100 million Euros with immediacy and zero slippage from the volume- weighted average price (VWAP).â
Integralâs FX liquidity aggregation solution seamlessly connects to all major market making financial institutions and other sources to deliver executable pricing to internal and external users via GUI and API. The entire platform is delivered as a Software-as-a-Service (SaaS), which allows customers and partners to deliver immediate results to their users and quickly respond to business opportunities with zero capital investment.