Integral, the financial technology partner trusted by leading banks, brokers, and investment managers to design, deliver and grow their FX businesses, announced today that it has received approval from the United Kingdom’s Financial Conduct Authority to operate a multilateral trading facility.
Integral MTF leverages the award-winning technology that supports Integral Open Currency Exchange (OCX) and includes all the features and services necessary for clients to conduct MiFID II compliant trading. Integral’s customers are engaged in the full lifecycle of FX, so they need to maintain MiFID II compliance when they execute in the market. Integral MTF will provide enhanced surveillance practices, monitoring procedures, and execution analysis for transparent and compliant trading of FX Forwards, Swaps, and NDFs.
Trading on Integral MTF offers all the advantages of OCX like richest liquidity, fastest engine, lowest price as well as a free screen trading for takers.
This flexible, MiFID II compliant trading venue seamlessly integrates with Integral’s workflow products – BankFX, InvestorFX, MarginFX – so customers can design and deliver complete solutions tailored to their business. Integral will deliver its entire platform with services necessary to meet MiFID II requirements including assistance with pre-trade and post-trade transparency, surveillance, TCA, reporting, and record keeping.
It´s about lowering the overall cost of trading.
Technology, quant research and onboarding are among key areas, says Cantor's Kathryn Zhao.