Integral reports higher trading volumes for September, ADV ended just shy of $50 billion

abdelaziz Fathi

Currency trading on Integral’s platforms rose in September from a year earlier as increased volatility across financial markets led to greater activity on institutional FX venues.

Integral

Average daily volumes topped $44.9 billion last month, which is up +1.6 percent compared to $44.2 billion in August 2021. Taking a year-over-year perspective, this figure was also higher by +9.5% compared to $41 billion in the same period in 2020.

Overall, September volumes were above those reached earlier this year after volatility jumped from multi-year lows, surprising investors and encouraging more trading.

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

Trading desks at some of the largest players in the foreign exchange market were also grappling with mixed volumes. This trend was observed in the monthly figures from Cboe FX and Interactive Brokers.

On the technology side, Integral has recently upgraded all aspects of the technology stack for 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 is now available through HTML5 browser and mobile devices, and it enables users to offer a single dealer platform (SDP) to their customers.

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.

Most recently, GoDoFX, a newly-launched retail brokerage in the UAE, has partnered with Integral to deploy its MarginFX solution across its FX and CFD business.

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