Financial technology company Integral announced that it has just launched a new market data service, TrueFX Streaming, to enable retail brokers to access live spot FX and crypto-asset prices sourced from tier-one institutional markets.
TrueFX Streaming will provide market data for 14 major cryptocurrencies, from Mint Exchange. Last week we had an interview with Harpal Sandhu, CEO of Integral, and he told us all about the new Mint Exchange clearinghouse.
The new product will also provide event-driven indicative prices for mid-point, top-of-book and price at depth for large size trading of institutional customers. Delivered via an ultra-low latency, FIX API connection, the data is sourced from tier-one banks and non-bank liquidity providers trading over Integral’s Open Currency Exchange (OCX) platform. This includes prices across all the major currency pairs, as well as emerging market spot FX currencies including TRY, ILS, RUB, MXN & CE3.
Commenting on the new service, Charalambos Psimolophitis, CEO of retail broker FxPro said:
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, CEO of Integral, added:
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.