Integral Development, a provider of private, white label, trading solutions to foreign exchange market participants, has been selected by ODL Securities, a UK-based independent forex, derivatives, equity and commodity trading house, to provide technology and liquidity links for ODL Alpha, ODL’s new FX trading platform for institutional customers.
ODL’s customers benefit from a direct market access FX system that combines pricing from ODL’s liquidity providers with algorithmic trading to give customers maximum liquidity and best execution.
The market participant on integral’s FX Grid, the foundation of integral’s FX solutions, has access to all the services that ODL Capital (the prime brokerage division of ODL Securities) offers, including Straight-Through-Processing (STP), clearing and risk management.
FX Inside Professional algorithmically aggregates prices from ODL’s liquidity providers, giving its customers depth of liquidity and best price, so they can execute the best deal available. It eliminates the need for viewing multiple FX applications on multiple screens by consolidating them into a single interface.
Moreover, customers can see a complete list of market makers with their associated price streams, giving them full visibility and transparency of the liquidity ODL provides to them. Liquidity is consolidated and displayed with bad, stale, and latent prices filtered out. FX Inside professional’s algorithmic capabilities support executing large trades across multiple liquidity providers and their price tiers.
ODL Securities has also deployed Integral technology to improve service levels for its retail margin FX customers and to provide more flexible tools for managing that part of their business. As a TrueFX broker, ODL offers direct market access to clean liquidity, transparency, and unparalleled execution quality. Integral’s solutions are delivered as Software-as-a-Service (SaaS) so that a company can enter new markets quickly without having to own and operate any IT infrastructure.
FX Inside White Label used in conjunction with Integral’s FX power trader delivers a full FX retail trading solution. FX Inside White Label is integrated with Integral’s FX Grid, a global inter-institutional connectivity and trading network, linking major market making banks and global financial institutions.
Harpal Sandhu, CEO of Integral Development, said: “We are proud to announce that ODL Securities decided to rely on the proven success of FX Inside White Label to launch its own trading system. We also welcome the addition of ODL Capital to the list of prime brokers that are available to market participants on FX Grid.”
Alex MacKinnon, trading director at ODL Securities, said: “We needed a system that is highly customizable to address the distinct needs of our various client segments, flexible enough to support our unique business model, and one that can be branded as our own so we can reinforce our brand identity with customers and prospects. Integral Development offers all this as a managed service, which means for us that there is no system software to install and no complicated migration plans.”