Integral Builds Mobile FX Trading Application for Arab Bank

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) technology provider Integral announced a new partnership with the Swiss division of Arab Bank this Wednesday.

The deal means that the bank is now providing an FX trading application to its customers that was designed by Integral.

This isn’t the first time the two companies have worked together. Back in 2014, Integral built an FX dealer platform for Arab Bank’s clients.

But those same clients have, according to a statement issued by Integral, increasingly demanded access to mobile trading.

“The banking industry is becoming increasingly mobile, so our customers expect us to deliver the same high level of service and performance in our mobile platform as we do across our other solutions,” said Rani Jabban, head of treasury at Arab Bank Switzerland.

“We’ve had a strong, longstanding partnership with Integral"

As Jabban’s firm was happy with the prior work that Integral had done for them, the bank chose to partner with the technology provider again to build a mobile application.

“We’ve had a strong, longstanding partnership with Integral and were confident that they could extend the BankFX platform to meet our customers’ mobile trading needs,” continued Jabban. “The feedback has been extremely positive.”

The new application was built on Integral’s Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-based BankFX Platform.

The tech firm says that over a hundred banks and other financial institutions use its BankFX Platform, including Wells Fargo, Mizuho, and Banco do Brasil - South America’s largest bank.

The technology provider claims that, as its system is cloud-based, it is flexible.

That means any problems clients have can be fixed more easily than a piece of traditional client/server technology.

BankFX is a flexible, cloud-based platform that addresses the entire FX lifecycle, so it is

straightforward for us to customize the platform to accommodate [Arab Bank’s] evolving requirements,” said Harpal Sandhu, Integral CEO.

“In this case we integrated our mobile app so their customers can trade whenever necessary.”