Integral Press Release
ODL Securities Partners With Integral To Deliver FX Trading Solutions
- ODL Customers to Benefit From Industry-Leading DMA FX System
- FX Grid Market Participants Gain Access to Prime Brokerage Services of ODL Capital
Mountain View, CA (April 19, 2010) — Integral Development Corp. (www.Integral.com), a leading technology and application provider of private, white label, trading solutions to foreign exchange market participants, today announced that ODL Securities selected Integral to provide the technology and liquidity links for ODL Alpha, ODL's latest FX trading platform for institutional customers. ODL's customers benefit from a direct market access FX system that combines pricing from ODL's liquidity providers with algorithmic trading to give customers maximum liquidity and best execution. Equally as important, any market participant on Integral's FX Grid®, the foundation of Integral's FX solutions, now has access to all the services that ODL Capital (the prime brokerage division of ODL Securities) offers, including Straight-Through-Processing (STP), clearing and risk management.
"We are proud to announce that ODL Securities decided to rely on the proven success of FX Inside White Label to launch its own trading system," said Harpal Sandhu, CEO, Integral Development Corporation. "This proves again that we have the ideal solution for an organization that is looking for a private FX trading system fueled by multi-bank liquidity, all without incurring the cost and IT infrastructure requirements usually associated with such an endeavor. We also welcome the addition of ODL Capital to the list of prime brokers that are available to market participants on FX Grid."
FX Inside Professional™ algorithmically aggregates and ranks prices from ODL's liquidity providers, giving its customers depth of liquidity and best price, so they can execute the best deal available. FX Inside Professional eliminates the need for viewing multiple FX applications on multiple screens by consolidating them into a single interface. Customers see a complete list of market makers with their associated price streams, giving them full visibility and transparency of the liquidity ODL provides to them. Liquidity is consolidated and displayed with bad, stale, and latent prices filtered out. FX Inside Professional's algorithmic capabilities support executing large trades across multiple liquidity providers and their price tiers.
"We needed a system that is highly customizable to address the distinct needs of our various client segments, flexible enough to support our unique business model, and one that can be branded as our own so we can reinforce our brand identity with customers and prospects," said Alex MacKinnon, Trading Director, ODL Securities. "Integral Development Corporation offers all this as a managed service, which means for us that there is no system software to install and no complicated migration plans."
ODL Securities has also deployed Integral technology to improve service levels for its retail margin FX customers and to provide more flexible tools for managing that part of their business. As a TrueFX broker (www.TrueFX.com), ODL offers direct market access to clean liquidity, transparency, and unparalleled execution quality. Integral's solutions are delivered as Software-as-a-Service (SaaS) so that a company can enter new markets quickly without having to own and operate any IT infrastructure. FX Inside White Label used in conjunction with Integral's FX Power Trader™ delivers a full FX retail trading solution. FX Inside White Label is integrated with Integral's FX Grid, a global inter-institutional connectivity and trading network, linking leading market making banks and global financial institutions.
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About Integral
Integral develops and operates FX Grid, a global Multi-sided Trading Facility (MTF) connecting active market participants with all major sources of FX liquidity. Together with FX Inside, its real-time Execution Management System (EMS), Integral's products represent the intersection of direct market access and algorithmic trading in the foreign exchange markets. Founded in 1993, Integral maintains development, support, and sales offices in Silicon Valley, Chicago, New York, London, Hong Kong, Tokyo, Singapore and Bangalore. Investors include Accel Partners, Adams Street Partners, Hudson Ventures, Ignite Group, Mizuho Capital and Mitsubishi UFJ Capital. For more information, visit www.integral.com.
About ODL Securities
ODL Securities is a leading, independent FOREX, derivatives, equity and commodity trading house. Headquartered in London and with affiliates in Australia, Japan and Turkey, ODL has over 200 staff globally and clients from over 100 countries. ODL Securities offers Retail, IB and White Label clients an integrated approach to trading diverse financial products. The Group companies now trade under the names ODL Markets in the UK (for retail business) and ODL Japan KK. Originally founded in 1994 as an Options House with just 28 staff, ODL Securities Limited received a capital injection from new shareholders in 2004 and a new senior management team was appointed. Since then, a wide range of enhancements have been implemented across all areas of the business, and new products introduced. ODL Securities Limited is authorised and regulated by the Financial Services Authority and is a member firm of the London Stock Exchange and NYSE Euronext, LIFFE. It is also a designated broker and a member of APCIMS.
Disclaimer:
This release is provided for information only and should not be taken as an invitation or solicitation to carry on business with ODL Securities. Any account with ODL should be opened only after full consideration of the terms and conditions and the risks. Dealing in FX is risky and can result in losses that exceed your initial deposit. ODL Securities does not provide FX services to United States residents.
