Forex trading industry technology provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term Integral announced that the Mexico-based brokerage firm, Grupo Bursátil Mexicano had selected Integral's cloud-based SaaS FX technology, which offers direct liquidity connectivity, a pricing engine, and complete risk management capabilities.

Grupo Bursátil Mexicano Taps Integral for FX Tech

The SaaS solution enables the Mexican broker to support both voice dealing and electronic workflows, thus supporting the scaling of services and addressing new market segments. With the latest technology infrastructure onboard, the Mexican brokerage is eying to bolster its growth strategy in the country.

Grupo Bursátil Mexicano was established in 1985, and its services include brokerage, asset management, private banking, investment banking, financial intermediation, and investment management. The company has more than $25.8 billion AUC.

"The implementation of Integral's SaaS technology enables us to better support our expanding client base, minimizing operational and market risk, all the while reducing our internal costs," said Carla Merino Olivera, the Head of Fixed Income/Sales at GBM.

"With added touches, such as a dedicated local Spanish-speaking team, Integral is a natural fit to support our growth strategy, that requires efficient use of technology and workflow automation Automation Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Read this Term tools."

Integral's Growing Global Footprint

For Integral, too, this deal helps as that company expanded its presence in the Latin American markets. The tech provider further highlighted that it went head-to-head with competitors to land this deal.

"This agreement demonstrates Integral's global presence as a leading currency technology partner, supporting advancements in FX trading in the Latin American region," said the CEO of Integral, Harpal Sandhu. "Our cloud-based SaaS offering is well suited to support GBM's growth, benefitting from an FX workflow that is fully automated and highly configurable, spanning across the entire trading lifecycle to deliver better outcomes for their customers."

Meanwhile, Integral entered the cryptocurrency space with growing demand around that comparatively new asset class. In January, it launched Integral Digital, a trading and client distribution platform to support cryptocurrencies and fiat-backed stablecoins, by partnering with Mint Exchange, an institutional crypto exchange. Furthermore, the platform offers aggregation and connectivity to over 30 crypto liquidity providers and charting tools, among other things, along with a Prime Brokerage solution.