ODDO BHF grows eFX volumes and increases revenue with Integral's FX solution
Customer Success Story
ODDO BHF is an independent Franco-German financial services group boasting a history stretching over 150 years. With 2,300 employees and more than 100 billion euros in assets under management, ODDO BHF faces increasingly relentless competition. In response to this challenge, ODDO BHF strives to gain every advantage possible.
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The Challenge
eFX professionals today face a significant challenge: delivering market-leading solutions to their clients faster, better, with fewer resources and no room for error. Banks can find it a challenge to deliver state-of-the-art pricing, distribution, risk management, and execution.
ODDO BHF is an independent Franco-German financial services group boasting a history stretching over 150 years. With 2,300 employees and more than 100 billion euros in assets under management, ODDO BHF faces increasingly relentless competition. In response to this challenge, ODDO BHF strives to gain every advantage possible.
They initially contacted Integral to develop a more sophisticated solution to provide pricing to clients. Prior to working with Integral, ODDO BHF struggled to find technology that did not have latency issues, stale or inaccurate quotes, or inverted prices.
ODDO BHF’s new FX technology partner would have to help them:
- Increase revenue
- Implement a stable platform to manage high demand and increasing new business
- Operate a fully serviced platform in order to maintain customer satisfaction
- Develop and implement the platform rapidly given ODDO BHF’s limited IT resources
- Manage costs of development and maintenance
The Solution
Integral provided ODDO BHF with a world class white label eFX integrated system based that supported their demands to serve their existing customers and grow new business with the industry’s most flexible and reliable trading platform.
The solution includes:
- Optimal Price Distribution — Integral provided ODDO BHF with their own branded and customized GUI solution providing the capability to distribute prices both internally and externally
- Best Pricing — Using relationship bank liquidity and unique sources
- Network Growth — Ability to connect to over 200 liquidity providers and potential customers on the OCX network
- Cloud Hosted Solution — Zero hardware and datacenter costs, with high reliability and ultralow latency access to market counterparties
- Post Trade STP
The results
Integral has continually worked with ODDO BHF to provide the best solutions as their business evolves and grows.
Increased liquidity access
ODDO BHF gained access to multiple liquidity sources, enabling more competitive pricing for their customers.
Growth in volumes
The bank's trading volumes have increased by more than 40% in three years.
Increased revenue
ODDO BHF has been able to increase trading revenues with both existing clients and through new market access.
Decreased costs
The bank has managed to significantly reduce costs through improved efficiencies.
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