Paul Kelly, CEO of Linear Investments, a Prime Broker based in Londons West End, has announced an agreement withIntegral (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. The partnership will enable Linear Investments to provide its client base with the same level of service and functionality for FX that it already offers for equities, derivatives, and fixed income services.
Historically, Linear Investments has focused on providing prime services to professional and institutional clients across a broad spectrum of DMA investment products. Deployment of BankFXTM, Integrals cloud-based platform, has enabled Linear Investments to design and customize every aspect of its FX platform with sophisticated pricing and risk management tools that are fully integrated with their existing systems. As a complete FX solution, BankFX seamlessly integrates with Integral OCXTM, the most modern FX OTC exchange. With over 250 banks, brokers and asset managers directly connected into the ECN, OCX brings together the widest variety of FX market participants in to a single integrated network of liquidity adding enormous capability to Linears product offering.
We are excited to partner with such an innovative company as Linear. By leveraging BankFX and OCX to meet their clients FX needs, Linear is positioned even more strongly to compete and grow their business, said Vikas Srivastava, Integrals Chief Revenue Officer.
Linear Investment clients can now manage currency risk across all asset classes and deploy FX hedging strategies to meet their own investment requirements. This shows the commitment to the prime broker market and its clients as Linear continues to mature as a business.
Christopher Laird, Head of Institutional FX at Linear stated that whilst this project has been 12 months in the making, we were determined from the outset to avoid the pitfalls of marrying in haste. We examined a variety of options and in selecting the Integral platform are confident we are providing our clients with a genuine best of breed offering. Whilst FX is not our core service, we believe the addition of this capability will complement our existing investment services and enable our clients to transact all their business under one roof allowing the easier flow of business, one point of contact and the financial benefits of scale.