One of the main financial technology providers in the FX industry, Integral, has just announced that the company is launching a brand new service called TrueFX. The firm aims to improve accessibility to live prices on the global forex market with the deployment of several tiers of tick-by-tick streaming data for foreign exchange and cryptocurrencies.
Integral has been used by a multitude of trustworthy institutional clients across the globe and has unprecedented access to real-time data on the FX market. Signing up to use TrueFX, enables retail brokers to get live access to live forex and cryptocurrencies prices, as traded on tier-one institutional markets.
The service called TrueFX Streaming comes in several tiers, including a free set for individuals which includes 25 currency pairs. The professional and institutional-grade services come with over 200 FX pairs and over ten cryptocurrencies.
Event-driven indicative prices include a mid-point, top-of-book, and price at depth for large size trading of institutional customers. Integral delivers the dataset via a low-latency FIX API connection via prices streamed from the firm’s Open Currency Exchange (OCX) platform, a marketplace used by tier-one banks and top non-bank liquidity providers.
Commenting on the news, the CEO of Integral, Harpal Sandhu said: “The launch of TrueFX Streaming is in line with our philosophy of opening up the FX market to everyone. The solution provides a competitively priced and premium market data service to the retail broker community.”
“As the market evolves, we will continue to expand our market leading position with additional product offerings based on our underlying technology and fault tolerant services,” Sandhu elaborated.
Retail Brokers Benefits
The new streaming data service is oriented to providing retail brokers with in-depth data that enables them to deliver to their end-clients top of the line institutional quality data. Any broker can sign-up to the service via the TrueFX website.
Delivery methods include a FIX-based API and are accessible via a multitude of connection methods with cross-connects in NY4, LD4, and TY3.
Commenting on the launch of the new service, the CEO of retail broker FxPro, Charalambos Psimolophitis, said: “With the cost of FX market data priced at a premium, a true representation of where the inter-bank market is trading at depth has never been more important. TrueFX removes the layers, latency and adverse spreads facing brokers when accessing institutional prices for their global client base.”
Mint Exchange Crypto Data
Integral’s technological expertise in the FX space enabled the company to team up with institutionally-focused cryptocurrency clearinghouse, Mint Exchange. TrueFX Streaming delivers data for over ten major cryptocurrencies and is widely available.
Mint Exchange is built using Integral’s established FX infrastructure and is sourcing liquidity from 14 major cryptocurrency exchanges and eight leading market makers. Data from TrueFX Streaming also includes enhanced price verification, reference pricing for execution management, the base price for core price generation, as well as historic algorithmic back-testing.