Integral Posts 5.9% YoY Increase in Average Daily Volumes during November

A prominent technology company in the global foreign exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) market, Integral recently published its trading volumes for November 2021. With an increase of 5.9% (YoY), the company posted average daily volumes (ADV) of $50.6 billion in the past month.

In comparison to the previous month, the number was up 0.2%. In October 2021, Integral reported a substantial year-on-year jump of 15.3% in ADV. In addition, the FX 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 saw gradual growth in average daily volumes across all of its platforms in 2021.

“The average daily volumes (ADV) across Integral platforms totaled $50.6 billion in November 2021. This represents an increase of +0.2% compared to October 2021 and an increase of +5.9% compared to the same period in 2020. Integral’s global trading network has been designed to meet the trading needs of the widest variety of buy-side FX market participants, including banks, brokers, asset managers and hedge funds,” Integral noted.

Integral’s ADV has increased substantially in the last 4 months. In July 2021, the company reported average daily volumes of $44 billion. In September, the number almost touched $45 billion and crossed $50 billion in October.

FX Demand

The overall demand for FX trading products increased significantly in November 2021. Apart from Integral, PrimeXM saw a jump in EURUSD trading volumes in the last month. Historically, the last quarter of the year remained a strong quarter for leading FX technology companies in the past decade. A similar trend was reported during October and November this year.

To increase its services and operations, Integral has formed several successful partnerships in 2021 with some of the leading names in the financial services sector. In November 2021, Integral joined hands with FXCM Pro to launch a centrally cleared platform for contracts for differences (CFDs) in an effort to expand services. During the same month, Integral hired Julian Elliott as its new Senior Product Director. Prior to his new role at the company, Elliott worked for over 11 years at Gold-i Ltd.