Integral reports lowest FX volume in two years

abdelaziz Fathi

Foreign exchange trading volumes dropped in November across Integral’s trading platforms as currency markets saw a relatively quiet period after consecutive months of strong trading activity.

Integral

Integral said that the average daily volumes (ADV) across its platforms totaled $42.6 billion in November 2022, which was the lowest reading in more than two years, namely since October 2020. The figure dropped 7 percent over a monthly timeframe, compared to $45.7 billion in October 2022.

Additionally, November volumes were below those reached in the same month a year ago. Specifically, the latest figures reflect a 16percent increase when weighed against the metrics of November 2021.

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

Earlier in November, Integral has announced a long-time partnership with online brokerage group Capital.com, which allows the latter to use Integral’s cloud-based FX workflow automation technology.

Dubbed ‘IntegralFX,’ the in-house solution enables Capital.com to offer bank-grade pricing to their retail trader customer base. Many brokers already tap Integral’s pricing engine infrastructure to facilitate the creation and distribution of many products for each of the customer groups. This allows them to incorporate CFD products and centralize their leveraged products through one provider.

Integral’s end-to-end eFX trading and workflow solution has been specifically built for the broker community. The company’s SaaS technology, available at a fixed subscription cost, enables platforms like Capital.com to focus on growing their business without worrying about additional brokerage fees.

Capital.com will also benefit from connectivity to Integral’s low-latency market data, greater access to multi-asset liquidity sources, and advanced price distribution functionality.

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.

This actually catches up with a major shift occurring in the 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.

Furthermore, Integral 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.

Read this next

Digital Assets

Germany-focused DekaBank taps METACO for digital asset custody offering

“Digital assets are a critical part of the future, a radical new way for how assets will be represented, from currencies to real estate.”

Technology

Eventus launches AML solution for TradFi and digital asset space

“Firms operating in traditional financial markets and digital assets alike are facing greater challenges than ever to protect themselves from those presenting a risk to their businesses and reputations, along with their standing with government regulators.”

Industry News

Qomply launches direct-to-FCA trade report solution that bypasses ARM

“Certainly, for back-reporting large volumes of data, QomplyDirect removes extra ARM fees by offering the flexibility of sending reports directly to the FCA via a firm’s own infrastructure.”

Executive Moves

BNP Paribas AM appoints Geoff Dailey as Deputy Head of US Equities

“Geoff has more than 20 years’ experience in the industry and as a key, senior member of the team with a strong investment pedigree and leadership profile, he is the natural successor for Pam.”

Retail FX

BUX joins forces with BlackRock for iShares ETFs offering in 7 European countries

“By joining forces with Blackrock, a renowned expert in financial markets and products, we have created a good solution for clients that are overwhelmed by the choice of products and don’t know how and when to start investing. Together, BUX and BlackRock can make a real impact on how Europeans invest and approach their financial future.”

Retail FX

CMC Invest gets in-principle approval to launch shares, ETFs, futures, and options in Singapore

“This announcement is a major milestone and validation for CMC Markets. Our business has been offering CFDs in Singapore since 2007, but the Capital Markets Services Licence for CMSI will allow us to serve our clients with more robust investment products, including shares and ETFs.”

Executive Moves

Eightcap hires ex-IG, ex-StoneX Alex Howard as CEO

“In my first weeks, the priority is to immerse myself in the business, including connecting with the global team, developing a nuanced understanding of strategy and operations, and listening to clients.”

Digital Assets

OneCoin founder Ruja Ignatova is selling penthouse in UK

OneCoin founder Ruja Ignatova, who steered one of the world’s biggest cryptocurrency frauds, is back into the spotlight more than five years after vanishing from the public eye.

Digital Assets

Bitpay taps MoonPay to offer access to +60 cryptocurrencies

Crypto payment service provider Bitpay said it’s partnering with exchange and web3 infrastructure provider MoonPay to provide its users with easier access to buy cryptocurrency instantly.

<