Integral Press Release
FUND MANAGERS EMBRACE INTEGRAL'S FX GRIDŽ 3.0 for DIRECT ACCESS TO FOREIGN EXCHANGE MARKETS
Delegates to next week's MFA Conference will test drive systems that tap the $3 trillion-a-day FX market
MFA Conference in Key Biscayne to host 600 fund managers and other investment industry professionals
MOUNTAIN VIEW, Calif. — (February 5, 2008) — Integral Development Corp., an independent provider of electronic foreign exchange (eFX) trading technology, will introduce FX Grid® 3.0 and FX Inside™ 3.0 at the Managed Funds Association (MFA) Network 2008 conference and exposition in Key Biscayne, FL, February, 11-13.
Integral's systems are designed for professionals in the managed funds and alternative investment industries with significant positions in the $3 trillion-a-day FX markets. The MFA event is regarded as an essential networking and information sharing venue for the industry.
Harpal Sandhu, Integral's President & CEO, said: "Managed funds and entities that trade FX as an asset class have virtually doubled the daily volume of trading in just the past few years. We have responded by offering these sectors solutions to access and trade currency pairs using an API or a professional execution management system that aggregates streaming, executable prices (ESPs) from the major liquidity providers."
Unique in the industry, Integral is a neutral facilitator of FX trading business able to support all models of professional FX market participation, including private and customer-branded trading solutions.
FX Grid is a global inter-institutional connectivity and trading network, linking all major liquidity sources with institutions and fund managers.
"The growing momentum and fragmentation of global FX trading is attracting professionals to FX Grid looking for a neutral FX connectivity hub and the ability of solutions such as FX Inside to support proprietary trading styles and algorithms for both bank traders and broker-dealers," according to Jon Barker, Integral's VP, Global Sales.
"We now have a critical mass of global liquidity providers able to directly connect themselves and their customers to the FX markets and trade directly with one another using proprietary and privately branded platforms," Integral's Sandhu said.
"Attracting and hosting the deepest possible pools of liquidity is crucial to the integrity and efficient working of a trading venue," he noted. "The alternative venues open to liquidity providers are not truly market neutral. As a software-as-a-service provider Integral's FX Grid is one place where these market participants can interact in neutral organized market."
The FX Inside Professional™ solution being demonstrated at the MFA Conference next week automatically sorts and displays liquidity streams on the basis of best bid and offer prices. In addition, on larger orders, the solution optimizes trade execution using sophisticated algorithmic trading strategies.
The MFA Network 2008 event attendees include senior executives of hedge fund and fund of funds managers; prime, securities and futures brokers; pension fund managers; and service providers who support the industry, such as Integral, a 15-year pioneer in financial markets automation.
Integral executives attending the event include Mr.Sandhu and Mr. Barker. The Integral booth (#18 at the Ritz-Carlton Main Conference Area) will contain two demonstration stations for FX Inside Professional.
For more information visit: www.integral.com
About Integral
Integral's solutions and services are delivered as software-as-a-service (SaaS) so that FX trading providers can enter new markets quickly without having to own and operate any IT infrastructure. Founded in 1993, Integral employs more than 200 professionals and maintains development, support and sales offices in Silicon Valley, Chicago, New York, London, Tokyo, Singapore and Bangalore. Investors include Accel Partners, Ignite Group, ABN Amro, Hudson Ventures, Bain Capital and AIG.
About the MFA
The Managed Funds Association is the only U.S.-based association representing professionals in the global alternative investment industry. With more than 1,300 members worldwide, the MFA has been a unifying voice for the industry since it was founded in 1991. MFA promotes a beneficial regulatory environment and the growth of the alternative investment industry, improved public relations, and increased member and investor knowledge.
For more information about the MFA visit: www.managedfunds.org
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