Integral Launches New Matching Engine, OCX RiskNet For Banks and Brokers

Monday, 20/06/2016 | 07:35 GMT by Jeff Patterson
  • OCX RiskNet caters to a variety of clients, ranging from banks and retail brokers, to investment managers.
Integral Launches New Matching Engine, OCX RiskNet For Banks and Brokers
Bloomberg

Integral Development Corp., a provider of end-to-end electronic foreign exchange (FX) trading platforms, has launched OCX RiskNet, a newly developed mid-point matching engine designed to help foster improved Risk Management and matching capabilities for a number of different users, according to an Integral statement.

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OCX RiskNet caters to a variety of clients, ranging from banks and retail brokers, to investment managers. The matching engine has already existed in a trial version for select customers, and will now be available for the collective FX community, covering all major currency instruments, per its launch.

The engine is important for users of all types give that customers will be able to rely on safe and transparent risk management techniques with other customers, which also is fully compatible and integrated with Integral’s other key offering, FX Cloud.

OCX RiskNet is also a constituent of OCX, the Open Currency Exchange, which acts as an execution venue capable of delivering a wide range of risk transfer models including OCX Streams, Liquidity from market makers, and OCX Match, among others.

Harpal Sandhu, CEO, Integral

Harpal Sandhu, CEO, Integral

According to Harpal Sandhu, CEO of Integral Development Corp., in a recent statement on the launch of OCX RiskNet: “For the first time, a truly diverse set of market participants can offset risk with natural interest from their peers, at the lowest possible transaction cost, safely and without adverse market impact. OCX RiskNet helps make mid-point matching a feasible reality for market participants because it is integrated with their day-to-day execution and risk management workflows.”

“Risk managers who run a B-book or warehouse risk face twin challenges: Fast moving FX prices and the costs of offsetting risk externally. OCX RiskNet breaks ground as a trusted platform, which helps expand the set of internalized liquidity that is available to banks and brokers who want to offset their FX positions quickly, anonymously, and cost effectively,” reiterated Javier Paz, a Senior Analyst at Aite Group, in an accompanying statement.

Integral Development Corp., a provider of end-to-end electronic foreign exchange (FX) trading platforms, has launched OCX RiskNet, a newly developed mid-point matching engine designed to help foster improved Risk Management and matching capabilities for a number of different users, according to an Integral statement.

The new world of online trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

OCX RiskNet caters to a variety of clients, ranging from banks and retail brokers, to investment managers. The matching engine has already existed in a trial version for select customers, and will now be available for the collective FX community, covering all major currency instruments, per its launch.

The engine is important for users of all types give that customers will be able to rely on safe and transparent risk management techniques with other customers, which also is fully compatible and integrated with Integral’s other key offering, FX Cloud.

OCX RiskNet is also a constituent of OCX, the Open Currency Exchange, which acts as an execution venue capable of delivering a wide range of risk transfer models including OCX Streams, Liquidity from market makers, and OCX Match, among others.

Harpal Sandhu, CEO, Integral

Harpal Sandhu, CEO, Integral

According to Harpal Sandhu, CEO of Integral Development Corp., in a recent statement on the launch of OCX RiskNet: “For the first time, a truly diverse set of market participants can offset risk with natural interest from their peers, at the lowest possible transaction cost, safely and without adverse market impact. OCX RiskNet helps make mid-point matching a feasible reality for market participants because it is integrated with their day-to-day execution and risk management workflows.”

“Risk managers who run a B-book or warehouse risk face twin challenges: Fast moving FX prices and the costs of offsetting risk externally. OCX RiskNet breaks ground as a trusted platform, which helps expand the set of internalized liquidity that is available to banks and brokers who want to offset their FX positions quickly, anonymously, and cost effectively,” reiterated Javier Paz, a Senior Analyst at Aite Group, in an accompanying statement.

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
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