PALO ALTO, Calif.--(BUSINESS WIRE)--Integral Development Corp., a leading provider of FX trading solutions and services, announced today that it launched Integral SEF (ISEF)™, offered through INFX SEF, a fully-owned subsidiary of Integral Development Corp. This follows the decision by the U.S. Commodity Futures and Trading Commission (CFTC) Division of Market Oversight to grant INFX SEF temporary registration as a swap execution facility.
“Today, most NDF liquidity resides with dealers. Relationships and bespoke requirements are still very much an important part of how NDFs are traded”
“We are very pleased to offer all FX market participants a regulatory compliant platform for NDF trading,” said Harpal Sandhu, CEO, Integral Development Corp. “We leveraged our expertise in OTC FX trading technology to meet new regulatory requirements in order that customers can continue conducting their FX business without interruption.”
ISEF™ will offer a range of functionality for the electronic trading of FX non-deliverable forwards (NDFs) including a Request-for-Quote (RFQ) system and an integrated order book. “Today, most NDF liquidity resides with dealers. Relationships and bespoke requirements are still very much an important part of how NDFs are traded,” said Vikas Srivastava, CEO, INFX SEF. “We designed Integral’s SEF so that it preserves what is best about OTC markets while offering a regulatory compliant platform.”
ISEF is built using Integral's award-winning technology that is currently in use with more than 200 clients and more than 1,500 trading partners. As with all of Integral’s services, ISEF is a cloud-based service that doesn’t require any upfront investment. More information is available at http://ISEF.Integral.com.
About Integral
Integral develops and operates FX Grid®, a global multi-sided trading network connecting active market participants with all major sources of FX liquidity. Integral’s business model supports all FX market participants with the solutions they need to build their own private FX exchange, and to deliver branded trading services to their clientele. FX Grid connects all segments of foreign exchange from retail to institutional banks and brokers, to money center banks, investment management firms, to algorithmic trading firms – on a global scale. Founded in 1993, Integral maintains development, support, and sales offices in Palo Alto, New York, London, Tokyo, Singapore, Hong Kong, and Bangalore. For more information, visit www.integral.com. © 2013 Integral Development Corp. All rights reserved. Integral technology is protected under U.S. Patent Nos. 6,347,307 B1; 7,882,011 B2 and 8,417,622 B2, patent pending applications and related intellectual property.