Broker tech and liquidity solutions provider Integral Development Corp has announced that Bound, a currency hedging and risk management solutions company, has implemented Integral’s SaaS eFX workflow solutions to enhance its technology infrastructure.
Bound is now utilizing Integral’s FX solutions, at a fixed subscription cost, to aggregate liquidity from multiple providers and market data sources, offering their clients access to institutional-quality pricing. This is delivered via API, offering seamless integration with Bound’s existing systems and an enhanced user experience for end-users. Bound has also deployed 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 FX product capabilities for our customers. Getting started with Integral straight forward – what you would expect in a regulated environment but without the hassle. They helped us achieve exactly what we set out to do, adding more liquidity providers on our platform, bringing speed and precision to our client’s risk management activities.”
Commenting on the news, Harpal Sandhu, CEO of Integral, said:
“We are excited to extend our reach further, enabling firms like Bound to better serve their clients. By implementing Integral’s technology, Bound benefits from enhanced risk management capabilities, providing customers with faster services that optimize how and when they exchange currencies. This development is indicative of the growing need for firms to incorporate tier one institutional grade technology into their existing workflows, while maintaining control over 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. Clients seamlessly embed Integral’s technology into their workflows and customer facing services. Adopted first by the financial markets and now invaluable to every global business across all industries – Integral’s corporate-meets-consumer cloud, technology stack is already powering the change and solving the currency challenges every global organization is facing. Integral maintains development, support, and sales offices in Palo Alto, New York, London, Tokyo, Singapore and Bangaluru.
About Bound
Based in London, Bound is built for tech companies that have cash flows in multiple currencies and convert over $300K a quarter. Using Bound companies can optimise how and when they convert currencies, in 3 clicks and 5 minutes. Using Bound, companies can protect and stabilise foreign cash flows, by avoiding costly days, locking in rates and limiting losses while keeping flexibility for positive movement.
