Integral Sees 10.6% Monthly ADV Recovery in September


Integral reported on Tuesday the average daily volumes (ADV) of its customers came in at $51.2 billion for the month of September. The figure recovered significantly from the previous month, which is a general trend in the trading industry.

The reported figure went up by 10.6 percent month-over-month and 14 percent from the similar month of the previous year.

“The growth in volumes traded across Integral’s clients is testament to high-quality technology infrastructure that market participants are seeking out when conducting business in the foreign exchange, precious metals, and CFD markets,” the press release shared with Finance Magnates stated.

An Industry Trend

Other companies related to institutional forex also reported a significant jump in trading activities for the last month. FXSpotStream, which provides multi-bank foreign exchange aggregation services for forex instruments, reported a total volume of $1.6 trillion with an ADV of $73.4 billion, a monthly increase of 20.5 percent.

Integral is a forex trading technology company that was established in 1993. It primarily provides cloud-based SaaS FX workflow solutions and targets a broad range of buy-side forex market participants, including banks, brokers, asset managers, and hedge funds.

“Integral’s cloud-based SaaS FX workflow solutions have been designed to meet the trading needs of the widest variety of buy-side FX market participants, including banks, brokers, asset managers, and hedge funds,” the press release added.

The reported ADV of Integral combines the activities across all of its platforms, which include TrueFX, the spot trading venue offered by the company, and Integral OCX, which is the ECN service for institutions.

Meanwhile, Integral is strengthening its sales division as it hired Roland Schilling and Paul Spillman, both as Directors of Sales, Finance Magnates reported earlier.

Integral reported on Tuesday the average daily volumes (ADV) of its customers came in at $51.2 billion for the month of September. The figure recovered significantly from the previous month, which is a general trend in the trading industry.

The reported figure went up by 10.6 percent month-over-month and 14 percent from the similar month of the previous year.

“The growth in volumes traded across Integral’s clients is testament to high-quality technology infrastructure that market participants are seeking out when conducting business in the foreign exchange, precious metals, and CFD markets,” the press release shared with Finance Magnates stated.

An Industry Trend

Other companies related to institutional forex also reported a significant jump in trading activities for the last month. FXSpotStream, which provides multi-bank foreign exchange aggregation services for forex instruments, reported a total volume of $1.6 trillion with an ADV of $73.4 billion, a monthly increase of 20.5 percent.

Integral is a forex trading technology company that was established in 1993. It primarily provides cloud-based SaaS FX workflow solutions and targets a broad range of buy-side forex market participants, including banks, brokers, asset managers, and hedge funds.

“Integral’s cloud-based SaaS FX workflow solutions have been designed to meet the trading needs of the widest variety of buy-side FX market participants, including banks, brokers, asset managers, and hedge funds,” the press release added.

The reported ADV of Integral combines the activities across all of its platforms, which include TrueFX, the spot trading venue offered by the company, and Integral OCX, which is the ECN service for institutions.

Meanwhile, Integral is strengthening its sales division as it hired Roland Schilling and Paul Spillman, both as Directors of Sales, Finance Magnates reported earlier.



Source link

Related articles

Thread credential sharing is coming to Google Play Providers

Calvin Wankhede / Android AuthorityTL;DR Google seems to be growing Play Providers into your Thread management heart. Help for Thread credential sharing guarantees to simplify set up. A easily functioning sensible house is one mission positively...

NZDUSD cracks beneath the 100 hour MA. Sellers making a play

The NZDUSD has been monitoring the 100-hour MA larger There have been some transient strikes beneath the 100 hour MA over the previous couple of weeks, with just a few occasions when...

One Month After the NAR Rule Adjustments, These Brokers Informed Us How Their Enterprise Has Modified

In This Article It’s been somewhat over a month for the reason that groundbreaking guidelines relating to agent commissions stipulated in a $418 million settlement between the DOJ and NAR (Nationwide Affiliation of Realtors)...

Strohm’s TCP jumpers put in at Deepwater Sabah venture offshore Malaysia

(WO) – Strohm, the world’s first thermoplastic composite pipe (TCP) firm, has overseen the profitable set up of its TCP Jumper know-how on the Deepwater Sabah venture offshore Malaysia. ...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com