<p>Integral, a major forex trading technology provider, reported an average daily volume (ADV) of $45.7 billion for October. The figure came in 10.7 percent lower than ADV reported for the previous month, along with a 9.5 percent decline from the same month of the previous year.</p><p>Established in 1993, <a href=”https://www.financemagnates.com/tag/integral/” target=”_blank”>Integral</a> primarily provides cloud-based SaaS FX workflow solutions and targets a broad range of buy-side forex market participants, including banks, brokers, asset managers and hedge funds.</p><p>“Clients leverage the deep and diverse FX <a href=”https://www.financemagnates.com/terms/l/liquidity/” target=”_blank” id=”47c3bef3-27ee-4953-8504-159e1b829b33_1″ class=”terms__secondary-term”>liquidity</a> available through our platforms within an integrated environment,” Integral explains.</p><p>The reported monthly ADV was generated across all Integral platforms, including TrueFX, the spot trading venue offered by the company, and Integral OCX, the ECN service for institutions.</p><p>Despite the monthly decline in the trading demand, the company believes that the overall growth in the market volumes over the years “is testament to high-quality technology infrastructure that market participants are seeking out when conducting business in the foreign exchange, precious metals and CFD markets.”</p><p>Similar Industry Trend</p><p>The latest dull ADV came after the figures recovered in September following the summer lull in the trading markets. Other institutional <a href=”https://www.financemagnates.com/terms/f/forex-trading/” target=”_blank” id=”258a569f-bf49-4a61-a1b4-bc352d76141f_2″ class=”terms__main-term”>forex trading</a> venues also reported a similar month-over-month trend, but their yearly figures remained strong.</p><p><a href=”https://www.financemagnates.com/institutional-forex/fxspotstream-posts-58-monthly-adv-decline-in-october/” target=”_blank”>FXSpotStream</a>, a multibank FX aggregation services provider, reported a monthly ADV of over $69.1 billion in September, a monthly decline of 5.8 percent but a yearly increase of 37 percent. <a href=”https://www.financemagnates.com/institutional-forex/institutional-spot-fx-volumes-declined-mom-in-september/” target=”_blank”>Cboe FX</a> reported an ADV of $42.6 billion for October, while Deutsche Bourse’s 360T posted $23.7 billion. Though the figures on the platforms declined 7 percent and 13 percent, respectively, month-over-month, they strengthened by 25 percent and 7.2 percent, respectively, year-over-year.</p><p>Meanwhile, Integral is strengthening its executive positions with several external hires. The company recently onboarded <a href=”https://www.financemagnates.com/executives/moves/integral-hires-judy-goh-as-md-and-apac-sales-head/” target=”_blank”>Judy Goh </a>as a Managing Director and the Head of Sales for Asia Pacific. It also bolstered its sales team by hiring <a href=”https://www.financemagnates.com/executives/moves/paul-spillman-joins-integral-as-director-of-sales/” target=”_blank”>Paul Spillman </a>and <a href=”https://www.financemagnates.com/executives/moves/roland-schilling-becomes-director-sales-at-integral/” target=”_blank”>Roland Schilling </a>as Directors.</p>
This article was written by Arnab Shome at www.financemagnates.com.
