One of the leading technology providers in the foreign exchange (FX) market, Integral recently announced the availability of its IntegralFX services in Singapore’s SG1 data center. According to the details shared by the company, the cloud-based SaaS FX workflow platform supports brokers, banks and other financial institutions through an efficient eFX system for their internal traders and external clients.
With the availability, Integral became the first complete cloud-based FX workflow SaaS platform in the SG1 data center. Some of the major advantages for the local clients include the ability to deploy pricing engines, algos, connectivity and distribution tools immediately.
The latest announcement from Integral came nearly three weeks after the FX technology services provider partnered with CMC Market Connect. Last year, UAE-based brokerage, GoDoFX picked Integral for FX and CFD trading technology.
According to Harpal Sandhu, the CEO of Integral, the recent availability of IntegralFX in Singapore’s SG1 data center underpins the company’s commitment towards the Asian region.
“We’re delighted to be able to offer IntegralFX locally in SG1 and extend the many benefits of our FX workflow technology to the growing buy-side in Singapore, the 3rd largest FX center globally. Due to the modular nature of our cloud-based SaaS technology, clients can take individual components or together as a full-stack to meet their exact needs,” Sandhu said.
Singapore
Considered as a financial hub in Asia, Singapore gained popularity among leading companies working in the global FX, CFDs and Fintech sectors. Lim Cheng Khai, the Executive Director of Financial Markets Development Department at the Monetary Authority of Singapore (MAS), believes that Integral’s SaaS service in Singapore will support the growth of the financial services industry locally.
“Our strategic initiative to build Singapore to become the e-trading and price discovery center for Asia is gaining momentum, and we’re delighted that Integral is launching its SaaS service in Singapore. The high concentration of regional buy-side players looking for better connectivity & e-trading solutions is growing,” Cheng Khai explained.
