Integral, a foreign exchange, or forex, technology provider, had made an announcement on Wednesday. This announcement stated that it’s been selected by Velocity trade, one of the sponsored clearing members of TrueFX, to update the firm’s workflow automation, as well as its trading technologies.
A Match Made In heaven
Particularly, Velocity Trade stands as an international broker-dealer and will leverage the trading technology and workflow automation that Integral offers all across its eFX and contracts for difference (CFD) trading networks.
Through this agreement, Velocity Trade will be capable of completely automating and customizing the workflow for both its CFD and EFX spaces. This includes risk management tools, as well as pricing. This, in turn, will be combined with a mobile trading app and trading platform that will support the suite of FX and CFD products that Velocity Trade offers.
The Mandatory Public Statements
Ben Brown stands as the Head of FX at Velocity Trade and gave comment on the matter at large. In the statement, he explained that Integral had been chosen due to the company seeking a solution that would enable Velocity Trade to upgrade its existing CFD and FX services to clients.
The goal, Brown stated, was to do this while also maintaining the ability to add more reliable and robust technologies across its workflow. Thus, Brown stated that Velocity Trade is eager to partake in this partnership with Integral, doing so to meet the growing needs of its customers with technologies that are the best in class.
Harpal Sandhu, the CEO of Integral, gave his statement about the matter as well. He explained that Velocity Trade has a commitment to providing a complete, seamless experience to its FX customers. Sandhu presented that his company’s cloud-based technology can span the entirety of the FX lifecycle, offering a customizable solution for Velocity Trade. This, according to Sandhu, will ensure that the trade is positioned in a way to compete against its rivals. Furthermore, it will allow the company to its business.
Integral Expanding Onwards
The updates set to roll out across Velocity Trade will see that a company will be capable of maintaining tailored CFD and FX services for its institutional client base. Integral will also see its technology be integrated within the pre-existing trading systems that Velocity Trade has to offer
Through these past few months, Integral has announced an array of new partnerships. The forex technology provider has recently made a partnership with Western Union, employing its eFX risk management technology across all of the Western Union Business Solutions platforms.