Integral Press Release
INTEGRAL CONCLUDES TECHNOLOGY LICENSING AGREEMENTS FOR INTEGRATION OF INTEGRAL'S FX GRID 3.0 WITH ProTrader AND MetaTrader 4 FOREX TRADING PLATFORMS
Integral FX Grid 3.0 multi-source liquidity is now accessible to
brokers operating PFSoft Protrader and MetaQuotes MetaTrader 4 retail platforms
CEO Sandhu cites growth in retail FX trading
MOUNTAIN VIEW, Calif. — (March 3, 2008) — Integral Development Corp. ('Integral') announced that it had concluded separate technology licensing agreements for the integration of Integral's FX Grid 3.0 and two leading retail forex trading platforms. Under the agreements, brokers operating PFSoft's ProTrader and MetaQuotes> Software Corp's MetaTrader 4 gain direct market access to multi-bank liquidity through Integral's FX Grid®.
The integrations, available today, include the capability for brokers to configure FX Grid 3.0 aggregated pricing streams from multiple sources and tailor them to their individual business models. Brokers interested should contact Integral for a demonstration.
Harpal Sandhu, Integral's CEO, said: "Retail forex is a high growth market segment. Many Brokers are focusing solely on retail forex and other banks and brokers are moving as quickly as possible to offer their clients forex solutions along side all other asset classes." These agreements and several others to be announced are serving as a catalyst for growth by allowing brokers to bypass single source pricing systems and allow their clients to leverage transparent, multi-source liquidity from the FX Grid."
The agreements are between PFSoft for ProTrader and Boston Technologies, MetaTraders USA representative for MetaTrader 4. MetaQuotes and PFSoft each specialize in financial trading software solutions for retail forex.
Denis Borisovsky CEO of PFSoft said: "Access to Integral technology and its connectivity with the major bank liquidity providers has tremendous appeal to our broker clients. With retail volume worldwide skyrocketing, we wanted to enhance our solution by integrating to a global network with greater scale, depth of liquidity, and price transparency."
George Popescu, CEO of Boston Technologies said: "Liquidity and pricing is the key for our broker's MetaTrader 4 retail trading systems. Single point access to multi-source liquidity and aggregation greatly enhances our solutions right out of the box."
Viral Tolat, Integral's Co-founder and Chief Technology Officer said: "Integral's solutions and services are delivered as Software-as-a-Service (SaaS) so the Protrader and MetaTrader 4 integration is quick and easy, done without adding new IT infrastructure or software.
About Integral
Integral's solutions and services are delivered as Software-as-a-Service (SaaS) so that eFX trading providers can enter new markets quickly without having to own and operate any IT infrastructure.
Integral develops and operates FX Grid®, a global open electronic FX network which connects active market participants with all major sources of FX liquidity. Together with FX Inside, its real-time aggregated trading system, Integral's products represent the intersection of direct market access and algorithmic trading in the 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 and Bangalore. Investors include Accel Partners, Ignite Group, ABN Amro, Hudson Ventures, Bain Capital and AIG.
About PFSoft
PFSoft is an internationally recognized software solutions provider for the financial markets since 2003. The company is totally concentrated on development and support of systems for online trading. Client list includes brokerage and dealing companies, banks and other financial institutions worldwide.
ProTrader is a fully automated trading platform for both market-makers and brokers. It comes from 5 years of foreign exchange market research and analysis. Designed to be an ultimate solution for Forex trading, ProTrader can be easily integrated with external data feeds and order routes.
ProTrader's range of trading terminals includes 5 client Stations: .Net, Java, PocketPC, Mobile and HTML, making the platform accessible from a wide range of entry points.
For more information and to sign up for a demo account, please visit: www.protrader.net
About Boston Technologies
Boston Technologies is the USA reseller for MetaQuotes MetaTrader 4 retail trading platforms. Boston Technologies also develops technology for the Financial Trading Industry. Our main competency is the development of order and execution management solutions, as well as custom feeders and inter-platform bridges.
About MetaQuotes
MetaQuotes Software Corp. is a leading provider of industrial software products for financial markets, including the development and implementation of professional, high quality online trading platforms for automated online brokerage services in Forex, CFD, and Futures markets.
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