Integral Development Corp. today announced a set of major upgrades to its Open Currency Exchange™ (OCX™), which was launched earlier this year as means to bring together various FX market participants into a single integrated network of liquidity.
To address the challenges related to the current fragmentation of liquidity in the market, Integral announced the latest release of OCX which incorporates resting liquidity from its three core customer segments: corporations, retail traders and institutional investors.
Integral also announced that its London datacenter located in Equinix’s London LD4 facility in Slough is now live, offering its European region clients significant improvements in latency, pricing and execution. All of Integral’s customers, including more than 250 banks and brokers and 1,800 trading parties, are now seamlessly integrated with OCX as an extra source of liquidity.
“Customers trading on OCX are gaining a significant advantage over their competition,” said Harpal Sandhu, CEO Integral Development Corp. “They experience lower costs of trading, and the flexibility of OCX allows them to pursue opportunities unavailable to them in other markets.”
FX Cloud™, Integral’s end-to-end electronic FX trading platform, working in a combination with OCX, enables banks, brokers, and asset managers to launch a solid FX business under their own unique brand and business model. OCX is praised for its ease of deployment, global reach, and breadth of market participants.
To view the official press release from Integral, click here.