Integral FX volume hits fresh record in March, tops $57.3 billion

abdelaziz Fathi

Integral, a technology provider to the financial markets’ buy-side, released statistics on the currency volumes traded on its platform in March 2022, which marked the third consecutive month of record-setting trading activity.

Integral

The institutional FX platform continues to benefit from rapidly shifting sentiment on the backdrop of Russia-Ukraine conflict.

Integral’s average daily volumes totaled $57.3 billion last month, which is up 7 percent compared to $50.4 billion in March 2021. Taking a month-over-month perspective, this figure was up by more than four percent when weighed against $54.9 billion in February 2022.

Reported ADV represents volumes traded across the group’s entire liquidity network, including TrueFXTM and Integral OCXTM.

Most FX platforms, including retail houses, had very busy, historical days over the last two months. Illustrating the extent of the market gyrations in March, Exness saw a record monthly turnover of $2.5 trillion, with several new highs seen across its business metrics.

Integral opens up in Singapore

Integral’s Open Currency Exchange (OCX) brings a wide spectrum of FX market participants into a single integrated network of liquidity, where they can trade with each other. Clients of the OCX pay a monthly fee for access to the exchange, instead of per-trade fees. While it initially launched with a monthly subscription cost of $275, it was soon lowered to accommodate the trading volume of each user, rather than imposing an even charge to clients of all sizes.

Integral announced last month that it’s expanding technology services in Asia with a new trading data centre in Singapore. Integral’s cloud-based SaaS FX workflow platform went live on Equinix’s Singapore SG1 data center, which enables it to provide localized liquidity and execution services from a Singapore base.

The move provides banks, brokers and other market participants with a complete eFX system for their internal traders and external customers. On top of that, it also improves the trading experience for local partners in Singapore and the APAC region. Specifically, local clients will be able to deploy pricing engines, algos, connectivity and distribution tools immediately, as well as making prices, obtaining liquidity and hosting algorithms in a low latency configuration.

The Singapore presence adds to Integral’s existing operations in London and New York, as well as marks the firm’s third major global foreign exchange trading location. Founded in 1993, Integral maintains development, support, and sales offices in Palo Alto, New York, London, Tokyo, Singapore and Bangalore.

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