Broker liquidity and technology solutions provider Integral Development Corp announced that Bound, a foreign exchange hedging and risk management solutions company, has implemented Integral’s SaaS eFX workflow solutions to enhance its technology infrastructure.
Bound now uses Integral’s fixed subscription cost FX solutions to aggregate liquidity from multiple providers and market data sources, offering their clients access to institutional quality pricing. This is provided via API, offering seamless integration with existing Bound systems and an improved user experience for end users. Bound has also developed Integral’s risk management, monitoring and analytics tools, all with unmatched uptime and customer support.
Marita Cavalcanti, CFO of Bound, said:
“As our business continued to grow, we wanted to add more liquidity providers to ensure the best pricing and foreign exchange product capabilities for our clients. Starting with Integral straight away – what you would expect in a regulated environment but without the hassle. They helped us achieve exactly what we wanted to do by adding more liquidity providers to our platform, bringing speed and accuracy to our clients’ risk management activities.”
Commenting on the news, Harpal Sandhu, CEO of Integral, said:
“We’re excited to further expand our reach, enabling companies like Bound to better serve their customers. By implementing Integral’s technology, Bound benefits from enhanced risk management capabilities, providing clients with faster services that optimize how and when they exchange currencies. This development is indicative of the growing need for companies to integrate enterprise-grade, tier-one technology into their existing workflows while maintaining control of their own platform.”
About Integral
Founded in 1993, Integral is the currency technology partner to hundreds of financial institutions, including banks, brokers and cross-border payment companies. Customers seamlessly integrate Integral’s technology into their workflows and customer-facing services. First adopted by the financial markets and now invaluable to every global business across all industries – Integral’s enterprise-to-consumer cloud, technology stack is already fueling change and solving the currency challenges facing every global organization. Integral maintains development, support and sales offices in Palo Alto, New York, London, Tokyo, Singapore and Bengaluru.
About Bound
Headquartered in London, Bound is built for tech companies that cash flow in multiple currencies and turn over $300,000 a quarter. Using Bound, companies can optimize how and when they convert currencies, in 3 clicks and 5 minutes. Using Bound, companies can protect and stabilize foreign cash flows, avoiding costly days, locking in rates and limiting losses while maintaining flexibility for positive movement.