Integral Development Corporation has launched an end-to-end hosted solution designed specifically to address the needs of algorithmic trading firms in foreign exchange. Co-located in data centers with FX Grid, Integral’s global inter-institutional connectivity and trading network, the service eliminates latency. Clients have the option of using their own proprietary hardware or lease managed blade servers from Integral.
Both options allow customers to reside in managed enclosures run by Integral. Users can deploy their own proprietary applications and access liquidity through the FX Inside API, or take advantage of FX Inside HD, Integral’s ultra-low latency version of FX Inside Professional EMS (Execution Management System).
Integral claimed that traders enjoy increased mobility and flexibility with the ability to access the EMS from any internet-connected device. Clients have the option to use Integral’s FX Inside API, a set of application programming interfaces to access liquidity directly from FX Grid.
Institutional traders realize direct market access to multiple liquidity providers. The APIs can also be offered by brokers to their clients for access to the broker’s price streams. All APIs are provided within an SDK for easy inclusion into proprietary application environments.
Harpal Sandhu, CEO of Integral Development Corporation, said: “Some very smart algorithmic traders spend countless unnecessary man-years building and deploying IT infrastructure on which to run their trading strategies. Since Integral has the means and resources to get them up and running in no time, we decided to package it as a service and make it available for a nominal fee. We are convinced that this reduced friction will enable even more participants to enter and thrive in the FX market.”
Vikas Srivastava, CEO of Cogence Capital, said: “We are very pleased with the performance and stability of FX Inside HD. This product brings us closer to the market which is a key precondition to achieve best execution in FX. Integral’s intense focus on the needs of its customers allows it to continue to bring such innovative solutions to the market.”
