|[September 24, 2013]
Integral Announces Launch of Integral SEF (ISEF)
PALO ALTO, Calif. --(Business Wire)--
Development Corp., a leading provider of FX trading solutions and
services, announced today that it launched Integral SEF (ISEF)™, offered
through INFX SEF, a fully-owned subsidiary of Integral Development Corp.
This follows the decision by the U.S. Commodity Futures and Trading
Commission (CFTC) Division of Market Oversight to grant INFX SEF
temporary registration as a swap execution facility.
"We are very pleased to offer all FX market participants a regulatory
compliant platform for NDF trading," said Harpal Sandhu, CEO, Integral
Development Corp. "We leveraged our expertise in OTC FX trading
technology to meet new regulatory requirements in order that customers
can continue conducting their FX business without interruption."
ISEF™ will offer a range of functionality for the electronic trading of
FX non-deliverable forwards (NDFs) icluding a Request-for-Quote (RFQ)
system and an integrated order book. "Today, most NDF liquidity resides
with dealers. Relationships and bespoke requirements are still very much
an important part of how NDFs are traded," said Vikas Srivastava, CEO,
INFX SEF. "We designed Integral's SEF so that it preserves what is best
about OTC markets while offering a regulatory compliant platform."
ISEF is built using Integral's award-winning technology that is
currently in use with more than 200 clients and more than 1,500 trading
partners. As with all of Integral's services, ISEF is a cloud-based
service that doesn't require any upfront investment. More information is
available at http://ISEF.Integral.com.
Integral develops and operates FX Grid®, a global multi-sided trading
network connecting active market participants with all major sources of
FX liquidity. Integral's business model supports all FX market
participants with the solutions they need to build their own private FX
exchange, and to deliver branded trading services to their clientele. FX
Grid connects all segments of foreign exchange from retail to
institutional banks and brokers, to money center banks, investment
management firms, to algorithmic trading firms - on a global scale.
Founded in 1993, Integral maintains development, support, and sales
offices in Palo Alto (News - Alert), New York, London, Tokyo, Singapore, Hong Kong, and
Bangalore. For more information, visit www.integral.com.
© 2013 Integral Development Corp. All rights reserved. Integral
technology is protected under U.S. Patent Nos. 6,347,307 B1; 7,882,011
B2 and 8,417,622 B2, patent pending applications and related
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