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Integral’s Open Currency Exchange (OCX) Introduces Competitive Pricing Model
Traders Magazine Online News, October 6, 2017
Integral (www.integral.com), the technology partner trusted by leading banks, brokers, and asset managers to help them outperform their competition in the foreign exchange market, has launched a new pricing model of $2.75 per million for its OCX trading platform helping FX market participants profit more and pay less. By lowering access fees and eliminating the exclusivity requirements of legacy platforms, OCX opens the FX market to everyone.
“Head to head against the competition, the new OCX matching continues to take share at a rapid rate. But being the fastest is only the beginning,” said Harpal Sandhu, Founder and CEO of Integral. “Starting this week, OCX makers and takers pay a flat $2.75/million per side. This is game-changing.”
FX pricing has never been this simple. OCX will not charge third party additional fees, port fees, or market data fees, Integral said.
No other platform reaches as many, as varied, and as comprehensive a set of FX products and participants as OCX. It is directly cross-connected with more than 250 liquidity sources supplying more than 3,000 market making streams in NY4, LD4, and now TY3. OCX’s award-winning advanced market design delivers the ultimate in execution performance by combining resting limit orders, market-making streams, and midpoint interest in a single integrated high-performance venue.
“Our new pricing model for OCX does even more to improve the economics of running an FX business, providing a repeatable advantage in pricing and liquidity in an era of otherwise decreasing margins and increasing competition,” stated Harpal Sandhu. “With our singular focus on our customers, this powerful technology is the industry’s best solution for FX institutions whether their goal is to make money, reduce costs, or transfer risk.”
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