IntegralFX now available in Singapore’s SG1 data center

By Leandra Monteiro

Integral, a technology provider to the financial markets’ buy-side, announced that its IntegralFX service is now available in Singapore’s SG1 data center. The cloud-based SaaS FX workflow platform provides banks, brokers and other market participants with a complete eFX system for their internal traders and external customers.

Integral becomes the first complete cloud-based FX workflow SaaS platform in the SG1 data center, co-located with multiple market makers and takers. The benefits for local clients include the ability to deploy pricing engines, algos, connectivity and distribution tools immediately, as well as making prices, obtaining liquidity and hosting algorithms in a low latency configuration.

“We’re delighted to be able to offer IntegralFX locally in SG1 and extending the many benefits of our FX workflow technology to the growing buy-side in Singapore, the 3rd largest FX center globally,” said Harpal Sandhu, CEO of Integral. “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. Making IntegralFX available locally underpins our commitment to Singapore and wider Asian region.”

“Our strategic initiative to build Singapore to become the e-trading and price discovery centre for Asia is gaining momentum and we’re delighted that Integral is launching its SaaS service in Singapore,” said Lim Cheng Khai, Executive Director of Financial Markets Development Department at the Monetary Authority of Singapore (MAS). “The high concentration of regional buy-side players looking for better connectivity & e-trading solutions is growing and we’re very pleased to welcome a global technology player to help support the growth of financial services locally.”

“At KGI Securities, we focus on precious metals and Asian NDFs, so we’re very happy to support initiatives that make it easier for customers to trade these in a Singapore data center,” said Ken Ong, CEO of KGI Securities. “Integral has proven to be an excellent partner for us and we’re happy to support them in this initiative”.