Velocity Trade, an international broker-dealer, has decided to employ Integral’s workflow automation and cloud-based trading technology across Velocity Trade’s eFX and CFD trading network. This will give the broker full automation and customization of sophisticated pricing and risk management tools, alongside a feature-rich trading platform and mobile trading app.
Its cloud-based nature allowed Integral’s technology to be quickly deployed and seamlessly integrated with Velocity Trade’s existing systems in a matter of weeks. Velocity Trade can maintain a tailored FX and CFD service to its institutional client base.
Ben Brown, Velocity Trade, commented: “We selected Integral having sought a solution that allowed us to upgrade our existing FX and CFD service to clients while ensuring we continue to add more robust and reliable technology across the workflow. Velocity Trade is pleased to extend its partnership with Integral and meet our customers’ growing needs with best-in-class technology.”
Harpal Sandhu, CEO, Integral, said: “Velocity Trade is committed to providing a seamless and complete experience to its FX customers. Integral’s cloud-based technology spans the entire FX lifecycle and offers a customizable solution, ensuring Velocity Trade is positioned strongly to compete and grow its business.”
Earlier this year, Integral’s TrueFX launched its Clearing Member network by partnering with AxiCorp, FXCM, and Velocity Trade to support customer access to the ecosystem. This will allow FX market participants to achieve direct trading relationships with leading market makers. TrueFX is a purpose-built OTC market designed for the buy-side and the clearing member network allows buy-side firms of all sizes to access liquidity from leading market makers without an intermediary.
Clients will have the option to clear through Jefferies FXPB, the central credit counterparty for TrueFX, or can open an account with a TrueFX Clearing Member to directly access liquidity on the venue. TrueFX was launched in May 2019 as an 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.