Integral to Provide Workflow Automation to Velocity Trade

Foreign exchange (forex) technology provider Integral announced this Wednesday that it has been selected by one of the sponsored clearing members of TrueFX, Velocity Trade, to update its workflow automation and trading technology.

In particular, Velocity Trade, an international broker-dealer, will use Integral’s workflow automation and trading technology across its eFX and contracts for difference (CFD) trading network.

Under the agreement, Velocity Trade will be able to completely automate and customize its eFX and CFD workflow. This includes pricing and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term tools, combined with a Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term and mobile trading app, which supports Velocity Trade’s suite of FX and CFD products.

Velocity Trade to upgrade existing service

Commenting on the partnership, Ben Brown, Head of FX at Velocity Trade, said in the statement: “We selected Integral having sought a solution that allowed us to upgrade our existing FX and CFD service to clients while ensuring we continue to add more robust and reliable technology across the workflow. Velocity Trade is pleased to extend its partnership with Integral and meet our customers’ growing needs with best-in-class technology.”

The updates, which will be rolled out across Velocity Trade, allow the company to maintain tailored FX and CFD services for its institutional client base. Integral’s technology has already been integrated into the company’s existing trading systems.

Integral continues market partnerships

“Velocity Trade is committed to providing a seamless and complete experience to its FX customers. Integral’s cloud-based technology spans the entire FX lifecycle and offers a customizable solution, ensuring Velocity Trade is positioned strongly to compete and grow its business,” added Harpal Sandhu, CEO, Integral in the statement.

In recent months, Integral has announced a series of partnerships. As Finance Magnates reported, the forex technology provider recently partnered with Western Union to employ its eFX risk management technology across the Western Union Business Solutions platform.

Towards the end of last year, the company also announced a similar deal with Straits Financial Group, in which the latter deployed Integral’s new eFX workflow automation and trading technology.