FX technology company Integral has launched the 7th iteration of its relationship-based trading platform – FX Inside (FXI).
The upgraded FX liquidity aggregation solution addresses the business needs of brokers, banks, institutional and algorithmic trading clients. Specifically, the web-based trading solution will be available through HTML5 browser and mobile device and will enable users to offer single dealer platform (SDP) to their customers.
This actually catches up with a major shift occurring in FX market demand for SDP platforms driven by customers’ need for asset class diversification, post- trade support, research and market data.
A cloud-based environment included in the solution allows for complete customization, as well as RFS and ESP trading in spot, outrights, swaps, NDFs, precious metals and CFDs.
FX Inside 7.0 is delivered on-demand, enabling FX businesses to benefit from configurable workflow tools such as tick-by-tick charting, real-time blotters, advanced order types, and laddered and full book pricing. This helps them enter new markets quickly and scale without owning and operating any IT infrastructure of their own.
“In this current environment, it has become evident that institutions need access to a scalable and sophisticated single dealer offering. The latest version of FX Inside provides our clients with a highly customizable interface and allows them to launch bespoke and customer-centric trading platforms at a significantly lower cost and risk than building in-house,” said CEO Integral Harpal Sadhu.
A unique feature of FX Inside 7.0 is that it’s built on a ReactJS framework for a responsive design and faster web-browser reaction time. Further, it enables financial institutions to package and deliver self-branded FX liquidity directly to their customers alongside the ability to translate the interface to localize their experience. They also have the option to integrate third-party applications that more closely fit their particular trading patterns.
FX Inside combines many liquidity sources into a single trading application that lets dealers see the best tradable price and real-time depth of market information. The solution API can be used to integrate proprietary client/server, browser-based, and mobile application trading systems, thus affording users greater market visibility, transparency and execution capability
Integral also noted that it deployed the latest FX Inside technology within its Open Currency Exchange (OCX), an FX ECN that connects to over 250 liquidity sources including banks, brokers and asset managers. The OTC venue supplies more than 3,000 market making streams in NY4, LD4, and TY3. The integration was also extended to other Integral’s trading UIs including TrueFX, a prime brokerage product developed in partnership with Jefferies FXPB.