Mexico’s top brokerage GBM deploys Integral’s SaaS FX technology

Rick Steves

GBM tapped Integral’s FX technology solution for its direct liquidity connectivity, sophisticated pricing engine, and complete risk management capabilities.

Grupo Bursátil Mexicano (GBM) has selected Integral’s cloud-based SaaS FX technology to empower its growth strategy in Mexico.

Founded in 1985, GBM is the leading Mexico-based brokerage firm with over USD$25.8 billion AUC. The firm’s main activities comprise brokerage, asset management, private banking, investment banking, financial intermediation, and investment management.

Integral, in its turn, provides FX trading technology to hundreds of financial institutions, including banks, brokers, and cross-border payment companies, with close to $60bn traded, transacted, or exchanged daily on the SaaS platform’s network.

Fully automated and highly configurable FX workflow by Integral

Mexico’s top brokerage GBM tapped Integral’s FX technology solution for its direct liquidity connectivity, sophisticated pricing engine, and complete risk management capabilities.

The solution enables the broker to support both voice dealing and fully electronic workflows in modern branded user interfaces. As a result, GBM will be able to scale to service its growing customer base and address new market segments.

Carla Merino Olivera, Head of Fixed Income/Sales at GBM, said: “The implementation of Integral’s SaaS technology enables us to better support our expanding client base, minimizing operational and market risk, all the while reducing our internal costs. With added touches, such as dedicated local Spanish-speaking team, Integral is a natural fit to support our growth strategy, that requires efficient use of technology and workflow automation tools.”

Harpal Sandhu, CEO, Integral, commented: “This agreement demonstrates Integral’s global presence as a leading currency technology partner, supporting advancements in FX trading in the Latin American region. Our cloud-based SaaS offering is well suited to support GBM’s growth, benefitting from an FX workflow that is fully automated and highly configurable, spanning across the entire trading lifecycle to deliver better outcomes for their customers.

The deal with Grupo Bursátil Mexicano represents another important SaaS partnership in Latin America as part of Integral’s global growth strategy.

Integral selected by UK-based broker Swiss Finance Corporation

Earlier this year, UK-based broker Swiss Finance Corporation selected Integral as its cloud-based SaaS technology to modernize their offering and bring eFX trading to their customers.

SFC was founded in 1988 and offers Spot FX, Options, Forwards, NDFs, precious metals, equities, fixed income, payments, and more. Integral’s end-to-end workflow and eFX trading technology was rolled out in a matter of weeks, allowing SFC to focus on growing its business and optimizing its yield.

Integral’s solution features liquidity aggregation, price generation, distribution, risk management, and analytics, and enables clients to run their trading businesses more effectively.

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