Integral Hires ex-Gold-i CCO Julian Elliott

Integral has snatched Julian Elliott from Gold-i, where he was Chief Commercial Officer for more than three years and spent 11 years in total.

Elliott left Gold-i in late October and now, in the middle of November, it has been announced his appointment at Integral, as Senior Product Director, Sales.

He will be based in their London office and will be responsible for assisting the EMEA Sales Team and advising on product development.

Matthew Avery, Managing Director of EMEA for Integral said: “We are delighted Julian has joined the EMEA team and look forward to the knowledge and experience he can bring to the team from working in the retail FX industry.”

Julian Elliott, Senior Product Director, Sales for Integral, commented: “I am delighted to be joining Integral Development Corporation and looking forward to working with the EMEA team to further develop their retail broker business.”

Integral’s monthly volume stats for September showed a slight increase in the average daily volume. The firm reported an average daily volume across all its platforms to be $44.9 billion in September which was a slight increase of 1.6% over the ADV in August 2021. and an increase of 9.5% when compared to the same month last year.

This represents the volumes traded across all its entities which includes TrueFX and Integral OCX. This is a continuing trend as far as Integral is concerned as it has been showing improving volumes since the beginning of the year and the company would be hoping that this upward trend continues for the rest of the year.

The company continues to serve large institutions, banks, brokers, asset managers, etc, and the growing volumes at the company and its integrated platforms go to show that the same is being reflected in the institutions that are involved in financial services.

Integral has recently published the results of a survey indicating that the future is on the cloud. Among 94 heads of FX trading and senior FX managers, most respondents said the global effects of the pandemic on the FX industry has accelerated existing trends, while 24% suggested it caused temporary changes, 7% said it caused permanent change and 16% believe it caused no change.

The survey found nearly all respondents believe Cloud is set to become an entrenched part of market structure for FX trading in the next 5 years. 28% will operate their FX technology completely in the cloud, compared to the current figure of 2%. An additional 41% will be using some combination of cloud and on-premise technology, compared to 24% at present. And 29% expect to use the cloud in a more limited fashion.

Nearly half of respondents confirmed that MDPs are expected to see the biggest rise in FX trading in the next 12 months, followed closely by APIs at 33%, Mobile trading at 17% and SDPs at 2%. Integral’s survey last year found SDPs to be the most popular platform for electronic trading.

Cost is the obstacle to updating FX trading technology, followed by ease of integration, ability to customize, time to market, accessibility from anywhere, and ownership, the survey concluded.