Interdin, the largest retail broker in the Spanish Financial Futures Market (MEFF), partnered with Integral Development Corp, a leading provider of FX trading solutions and services, to add margin FX trading capabilities to its existing platforms. An established player in Spanish and European securities markets, Interdin selected Integral because it allowed Interdin to implement its FX business exactly as it had envisioned, in a matter of weeks with no upfront costs.
Interdin will be the first native Spanish broker to offer fully transparent FX pricing through a non-dealing desk or agency model, providing its customers with direct market access to interbank liquidity. And since Interdin will be offering the new spot FX pricing through its existing multi-asset platform, its customers are able to trade through their already familiar system.
“They know their business best; and we have the solutions to implement quickly and with no upfront costs. Our partnership with Interdin is yet another example of this winning combination.”
“Margin FX trading is a growing market in Spain,” said Enrique Martí, Director, Interdin.com, Interdin’s online brokerage. “We are proud to offer our customers the reassurance that their trades will be executed directly in the market, without any broker interference. Once we decided this model was in the best interest of our customers, the partnership with Integral allowed us to deliver on this feature quickly and roll it out in just a few weeks.”
Integral cloud services allow Interdin to aggregate liquidity from multiple providers including every major market-making bank, professional trading groups and ECNs. Trade execution and processing is fully automated. Real-time analysis tools put Interdin in control and allow them to manage their business to their exact specifications.
“We take pride in the fact that our cloud-based services allow every broker to implement their vision, their business and risk model, exactly as they wish,” said Harpal Sandhu, CEO, Integral Development Corp. “They know their business best; and we have the solutions to implement quickly and with no upfront costs. Our partnership with Interdin is yet another example of this winning combination.”
- Implements complete agency business model in weeks
- Preferred business model minimizes risk, supports customers
- Everything as a service, hosted by Integral