Integral Press Release
BARCLAYS CAPITAL AND INTEGRAL EXTEND 'WHITE LABEL' PARTNERSHIP WITH FX POWER TRADER™ FOR PRIVATE INVESTORS
- BARX FX White Label for Private Investors is the first 'live' FX Power Trader solution
International bankers view new trading platform at ACI Congress in Vienna
Vienna, Austria: May 30, 2008 — Integral Development Corporation, the leading independent electronic foreign exchange (eFX) trading technology provider, announced today the extension of its 'White Label' partnership with Barclays Capital, the investment banking division of Barclays Bank PLC.
"We are delighted that Barclays Capital chose FX Power Trader™ technology to launch its widely anticipated move into the rapidly growing eFX Private Investor sector," said Harpal Sandhu, Integral's CEO.
"By combining the leading edge functionality of FX Power Trader, Integral's new retail managed service offering, with the market leading liquidity and business expertise of Barclays Capital, bank and broker partners will enjoy the best of all worlds" he added.
Launched in April 2008, the BARX FX White Label for Private Investors has already won the Profit and Loss 2008 "Best White Label" award and been cited as setting a "new high water mark" for the industry. Barclays Capital's first White Label partner is Barclays Stockbrokers. They launched the FX on BARX platform to their private client base earlier this month.
Integral and Barclays Capital are showcasing the latest addition to the BARX FX White Label at the 47th ACI- Financial Markets Congress in Vienna by giving the international banking community its first 'hands on' demonstration of the trading solution.
More than 700 bankers and specialists in foreign exchange are attending the congress to debate issues and opportunities presented by the rapid growth in FX trading and the new wave of retail participation in the $3.2 trillion-a-day global FX market.
'White Label' eFX technology lets major banks like Barclays tailor applications for its own business units, correspondent banks, brokers and now private investors, to manage FX trading efficiently without significant new investment in resources. The Integral technology is delivered as a managed service that lets users launch trading services quickly and efficiently.
Integral is at booth # 22 with Barclays Capital during the ACI Vienna World Congress at The Austria Center (May 29-31st). FX Power Trader is available now to all banks and brokers. For further information visit: www.integral.com or www.barx.com.
About Integral
Integral is the leading provider of White Label trading systems for both institutional and retail trading. Integral also develops and operates FX Grid®, a global open electronic FX network connecting active market participants with all major sources of FX liquidity and FX Inside, its real-time aggregation trading application. Integral's products represent the intersection of direct market access and complete trading services for foreign exchange markets.
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, Hong Kong and Bangalore. Investors include Accel Partners, Ignite Group, ABN Amro, Hudson Ventures, Bain Capital and AIG.
Visit: www.integral.com
About Barclays Capital
Barclays Capital is the investment banking division of Barclays Bank PLC which has an AA long-term credit rating and a balance sheet of over £1.2 trillion. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with solutions to their financing and risk management needs. Barclays Capital has offices in 29 countries, employs over 16,200 people and has the global reach and distribution power to meet the needs of issuers and investors worldwide. For further information about Barclays Capital, please visit our website www.barclayscapital.com.
BARX is Barclays Capital's award winning ecommerce platform and leading global provider of electronic transaction solutions for institutional investors, financial institutions, and corporations worldwide. Through BARX, Barclays Capital offers electronic execution and a complete set of pre-trade and post-trade services across fixed income, foreign exchange, futures, commodities, equities, money markets and structured products. For more information about BARX, please visit www.barx.com.
Barclays Capital - the investment banking division of Barclays Bank PLC. Registered in England 1026167. Registered office 1 Churchill Place, London, E14 5HP. Authorised and regulated by the Financial Services Authority and a member of the London Stock Exchange.
About ACI - The Financial Markets Association
The organization was founded in France, in 1955, following an agreement between foreign exchange dealers in Paris and London. In the years that followed, other national associations were formed and there are now affiliated financial markets associations in 63 countries and individual members in another 5 countries.
ACI has the largest membership of any of the international associations in the wholesale financial markets. The Head Office is based in Paris. For further information on the World Congress, visit: www.aci-austria.com
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