Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.
Integral, the Silicon Valley-based fintech solutions provider, launched its Institutional Market Data service for retail brokers looking to access live spot FX and crypto-asset prices sourced from tier-one banks and nonbank liquidity providers trading over Integral’s Open Currency Exchange (OCX) platform.
The TrueFX Streaming service provides event-driven indicative prices for mid-point, top-of-book and price at depth for large size trading of institutional customers across all the major currency pairs, emerging market spot FX currencies, and 14 major cryptocurrencies, from Mint Exchange. Built on Integral’s FX infrastructure, Mint Exchange sources its liquidity from 14 major cryptocurrency exchanges and 8 leading market makers.
The streaming service also enhances price verification, reference pricing for execution management, base price for core price generation, as well as historic algorithmic backtesting, according to the announcement.
Charalambos Psimolophitis Chief Executive Officer of retail broker FxPro commented:
“With the cost of FX market data priced at a premium, a true representation of where the inter-bank market is trading at depth has never been more important. TrueFX removes the layers, latency and adverse spreads facing brokers when accessing institutional prices for their global client base.”
Harpal Sandhu, Chief Executive Officer of Integral, said:
“The launch of TrueFX Streaming is in line with our philosophy of opening up the FX market to everyone. The solution provides a competitively priced and premium market data service to the retail broker community. As the market evolves, we will continue to expand our market leading position with additional product offerings based on our underlying technology and fault tolerant services.”
Most recently, Integral announced the addition of IS Prime’s liquidity to its institutional trading platform Integral OCXTM. The leading FX over-the-counter ECN connects to over 250 banks, brokers and asset managers. The partnership allows Integral to extend its multi-asset liquidity distribution of FX and Index Swaps.