FCStone Partners With Integral to Launch Comprehensive FX Platform

Integral Development Corp, a provider of FX trading solutions and services, and FCStone, a commodity risk-management advisory and execution firm, have partnered on a number of initiatives to launch the firm's next-generation FX Platform.

The comprehensive FX liquidity aggregation solution provided by Integral addresses the business needs of the broker, and of its retail, institutional and algorithmic trading clients, the vendor said in a statement. FCStone is also offering prime brokerage services to participants on Integral's FX Grid.

A feature of FCStone's FX platform is the ability for customers to see a complete list of market makers with their associated price streams. This option gives them full visibility and transparency of the liquidity FCStone will provide to them. As a result, customers can enter into direct discussions with liquidity providers and negotiate liquidity streams that more closely fit their particular trading patterns, the vendor noted.

"We have chosen Integral to support our focus on expanding our business, improving operational efficiency, managing risk and controlling cost," said Edgar Ramon, Global Head of FX, FCStone. "Integral's highly-developed technology spans all the key areas required, and as on demand services, offers the inherent flexibility and rapid deployment of that delivery model."

FCStone is using Integral's FX liquidity aggregation services to offer its clients the richest possible inter-bank liquidity through a number of trading venues including a robust API, MetaTrader 4, and Integral's own retail margin trading solution FX Power Trader, the vendor said.

FCStone also selected Integral's multi-sided trading platform FX Grid to become the backbone of StoneX. StoneX is a next-generation FX platform that provides brokers with a modular suite of products ("building blocks") designed to enable any brokerage firm to quickly launch and easily maintain a world-class FX brokerage service. "Integral is proud to be working with FCStone on what is essentially the implementation of a superior risk management and execution strategy for FCStone's entire FX business," said Harpal Sandhu, CEO, Integral Development Corp. "To that end we are connecting with and improving on their business processes as they relate to their FX strategy, including providing the operational infrastructure for FCStone's no dealing desk operations." Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio