The challenge eFX professionals face today is to deliver market-leading solutions to their clients faster, better, with fewer resources and no room for error. How do you deliver state-of-the-art liquidity, pricing, distribution, risk management, and execution? IntegralFX, the world’s most comprehensive and reliable eFX platform.
Built on our cloud-based technology, IntegralFX includes all major features required to operate a global, multi-level, competitive eFX operation out of the box. As a business leader, you are able to quickly architect your unique solution designed to meet the needs of your current and future clients. Design every aspect of your business including liquidity sources, pricing engine algorithms, distribution channels, risk management models, hedging strategies and products. In the increasingly rare case that custom software is required, Integral engineers have worked closely with in-house and third party developers to include that last defining feature for your winning system.
IntegralFX is fully integrated with OCX™, the Open Currency Exchange. OCX is connected with every major liquidity-providing firm in the market in addition to order book venues, mid-point matching engines, and buy-side resting orders. Liquidity managers are able to configure multiple liquidity pools and continually adjust the sources available to both their internal pricing engine and their hedging engine. Leading banks have found significant cost advantages using the OCX network to combine their direct liquidity relationships with credit-intermediated liquidity from the broader market to reduce execution costs and deliver a competitive advantage to their eFX business.
Customizing this market-leading liquidity to meet the needs of a diverse client base is now within reach. Using the FX Pricing Engine you are able to accurately price Spot, Outright, and Swap FX products on a vanilla or synthetic basis, custom-designed for each customer or group. Every aspect of price generation from skewing to risk management and hedging models is available to optimize your yield.
Accurate to the Core
Making the “right” price in today’s rapidly evolving FX markets is a multi-dimensional challenge. Seasoned e-FX professionals know that creating an accurate core price to anchor their business is key. The Integral FX Pricing Engine reliably delivers a resilient core price utilizing the OCX network of ultra-low latency market indicators, customized quality filters and smart sanity checks. Layer on additional requirements for order acceptance, liquidity regeneration, and synthetic crosses and outrights to create a rock solid foundation for your state-of-the-art price generation, distribution, and hedging platform. Power combined with flexibility… that is the core of the Integral Pricing Engine.
To Each His Own
The Integral FX Pricing Engine facilitates the customized creation and distribution of your liquidity to accurately price Spot, Outright and Swap FX products for each of your customer groups. Expand your definitions to include unique channels, counterparties and third party venues. You can also design an unlimited number of custom price streams, each with their own characteristics based on currency pair, size, tenor, order type or time of day.
Full Service Offering
Whether your business is run as a principal that warehouses risk, a riskless principal that covers in real-time or an agency execution business, the Integral Pricing Engine enables you to clearly and easily manage a variety of business models in parallel, while customizing the risk management philosophy for each one. Choose between filling your customer before covering, covering first, or dynamically switching between the two depending on available liquidity and market conditions. Apply pre- or post-trade margins at multiple levels to fine-tune customer execution quality. Leverage multiple execution algorithms or configure your own to send via API. Integral Pricing Engine allows you to run a full-service offering for your specific needs on a fully-automated basis. Available to you on-demand with no install and no coding. No kidding.
Meet your customers wherever they trade. Whether via API, your own single dealer platform, or a third party multi-dealer venue, provide your clients with the most competitive FX products; fully automated, lightning fast and 100% reliable. Deliver systems via web browsers, native desktop technology and mobile. Banks deploying our technology have significantly increased their market share on platforms such as FXall, 360T and Bloomberg within weeks.
Currently deployed to over 800 institutions across 2,000 desktops, FXInside remains the FX industry’s most sophisticated and highest performance institutional trading platform. Now available with advanced algorithmic trading functionality, tick-by-tick charting and real-time blotters, FXInside provides your internal traders and external clients with an industrial-strength trading platform for even the most discriminating user.
Deliver the same feature-rich functionality of the desktop to a touch- based mobile user experience with FXInside Mobile. Available on iOS for iPhone and iPad, FXInside Mobile allows for a seamless and continuous trading experience even if you are away from your desktop.
Provide both your market data and trading interface to your FX business through the Integral Market Data Feed and Order Entry APIs respectively. These ultra-low latency connectivity solutions allow you to deliver highly competitive price discovery and execution services to the most demanding institutional clients.
Distribute your FX products to your customers via multi-bank platforms including FXall, 360T and Bloomberg via the most comprehensive integration available. More than just a simple adapter, Integral’s distribution platform is deeply integrated with these platforms to allow you to fully engage with the customer, across a range of trade types and workflows including Portfolio OMS, to compete and win the most profitable business from clients.
Customize your risk management system to match your risk model. For each segment of order flow, you can choose to hedge the flow in real-time, hold the position, or any variation in between. FX Yield Manager is an eFX flow internalization system which monitors and manages the exposure of your risk warehouses, while automating your hedging according to your risk management policies. You define your risk warehouses, hedging strategies and risk tolerances to maximize revenue, profit and yield.
FX Yield Manager
Integral FX Yield Manager is the most advanced internalization or “B-Booking” engine available today. For each segment of order flow, you can choose to hedge the flow in real-time (A-Book), warehouse the position (B-Book) or custom versions of both. FX Yield Manager is a complete risk management system which automates, manages and monitors the risk and yield of the most complex FX businesses. You define your risk warehouses, hedging strategies and risk tolerances to maximize revenue, profit and yield.
Risk under your control
Ultra-high performance risk warehouses for every currency pair at your disposal. Able to accept over 3,500 orders per second and deliver real-time net open position levels. Allows you to design your risk management policy on your terms.
Auto-hedging means never being exposed
Based on pre-defined risk policies, FX Yield Manager automatically hedges open positions without delay, communicating everything visually through an intuitive dashboard as it happens. The system has direct and instantaneous access to Integral OCX which hedges the position using Integral’s proven best execution algorithms.
Integral System Watch
Never go a minute without knowing the exact state of your business. Monitor in real-time comprehensive health indicators of all of your Integral systems and services, your customers’ systems, their connectivity, their trade flow and their execution quality. Never before has this level and quality of information been made available to business owners. Service is your product. Ensure that your service beats the competition with Integral’s cloud-based platform.
Smartest Order Routing
Hedging has become an increasingly challenging task in today’s world of fragmented liquidity and high-speed trading. With our execution management system (EMS) and OCX, hedging is now an opportunity rather than a burden. Define your goals and the platform will optimize your outcomes by including multiple sources and types of liquidity including direct disclosed, undisclosed resting orders and customer-to-customer mid-point matching. All accessible via complex algorithms designed, modified, and chosen by you to minimize market impact.
Success is a Beautiful Thing
eFX Trading Volume
When it all comes together; rich liquidity, the most sophisticated pricing engine, beautiful customer-facing product, automated yield management and thoughtful execution, the result is a winning solution. Our clients continue to out-perform their market peers resulting in some of the most successful eFX operations globally.