Integral, a white-label company providing liquidity solutions for big names such as JPMorgan, Credit Suisse and UBS, has teamed up with FCStone, one of the biggest commodity risk-management advisory and execution firms in the US, to launch FCStone’s FX platform.
Despite the pending retail FX regulation from the US Commodities and Futures Trading Commission and the desire of the authorities to push OTC trade onto exchanges and central clearing – although they have failed to legislate for spot FX in Dodd/Frank – the FCStone initiative proves that retail and investor FX platforms in the US are anything but dead.
Edgar Ramon, global head of FX at FCStone, says: “We have chosen Integral to support our focus on expanding our business, improving operational efficiency, managing risk and controlling cost.
“Integral’s highly developed technology spans all the key areas required, and as an on demand service, offers the inherent flexibility and rapid deployment of that delivery model.”