Integral hits record trading volumes as market volatility heightens

abdelaziz Fathi

Institutional FX platform, Integral has experienced a record volume of trading in February as rapidly shifting sentiment on the backdrop of Russia-Ukraine conflict roiled activity on its main markets.

Most FX platforms, including retail houses, had very busy, historical days over the last two weeks. Illustrating the extent of the market gyrations in February 2022, Exness saw a record monthly turnover of $1.58 trillion, with several new highs seen across its business metrics.

Integral’s average daily volumes totaled $54.9 billion last month, which is up 9 percent compared to $50.4 billion in February 2021. Taking a month-over-month perspective, this figure was up by more than 12.7 percent when weighed against $48.7 billion in January 2022.

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

Integral teams up with CMC Markets

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.

Since the deployment of the platform in 2015, the Silicon Valley-based company has been working on several enhancements to bring major changes for existing clients that use the OCX, and attract new customers.

Integral announced last month a partnership with CMC Markets’ institutional arm to join its centrally cleared platform for contracts for difference (CFDs). The initiative enables investors in the wholesale markets to benefit from significantly reduced risks in the settlement of CFDs transactions.

London-based trading provider has set ambitious growth targets for their B2B arm of business which CMC expect to achieve by catering to a greater range of institutional client types and their respective trading strategies.

The partnership taps into Integral’s pricing engine infrastructure to facilitate trading in standardized CFD products including major indices, commodities and cryptocurrencies. Further, it utilizes the prime brokerage services of FXCM Pro in conjunction with liquidity from market makers including Jump Trading.

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