TrueFX Platform Drives Significant Increase in Integral's Volumes
- Foreign Exchange
- 02.11.2020 03:12 pm
Integral (www.integral.com), a leading technology company in the foreign exchange market, reported today average daily volumes (ADV) across Integral platforms totaled $43.8 billion in October 2020. This represents an increase of 6.8 % compared to September 2020, and an increase of 20.3% compared to the same period in 2019.
From October 2020, reported ADV include volumes traded on the recently launched venue, TrueFXTM, and is reported in aggregate with volumes from Integral’s other trading platforms. Reported monthly ADV now represents total volumes traded across the group’s entire liquidity network.
Commenting on the growth of TrueFX, Harpal Sandhu, CEO at Integral, said: “TrueFX has made it possible for any participant – irrespective of size – to access primary sources of liquidity directly. The proposition of eliminating credit as a barrier to entry is an exciting development in FX and we are thrilled to see such high adoption of the service as participants seek increased accessibility to the markets in an organized, transparent, and low-cost manner.”
Integral’s global trading network has been designed to meet the execution needs of the widest variety of FX market participants, including banks, brokers, asset managers, and hedge funds. Our clients leverage the deep and diverse FX liquidity available through our platforms and have the choice to trade any execution style required, all within an integrated environment. For more information visit integral.com.