Spuerkeess Bank Taps Integral’s BankFX™ to Support eFX Business

Spuerkeess, Luxembourg’s state savings bank, has partnered with Integral to deploy new eFX workflow automation and trading technology. According to the statement published by the platform provider, the state-owned bank has chosen Integral’s BankFX™ solution, which is used by banks and other financial institutions to provide cloud-based automation software across the entire FX workflow.

This partnership allows Spuerkeess to benefit from full automation of their entire eFX workflow, including a control of the more than 10,000 currency pairs available on its system. The bank can also trade with clients over multiple distribution platforms, either through a fully branded single dealer trading platform or integration with multi-dealer platforms.

Commenting on the news, Claude Origer, Vice President & Head of Global Markets at Spuerkeess, said: “We partnered with Integral having sought an eFX system that allowed us to differentiate our offering using advanced and configurable technology. The flexibility and high degree of automation available within Integral BankFX is critical to our ability to serve the unique needs of our institutional clients. We have been extremely satisfied with the level of service delivered.”

“BankFX technology spans the entire FX lifecycle and offers a full-service solution to clients for a fixed monthly subscription and zero brokerage. We are delighted to partner with Spuerkeess and offer them scalable technology to meet their evolving requirements, while helping them deliver a fully bespoke service to their institutional client base,” added Harpal Sandhu, CEO of Integral.

Integral Launched the 7th Iteration of FXI

On the technology side, Integral has recently upgraded all aspects of the technology stack for its relationship-based trading platform, FX Inside (FXI).

The upgraded FX liquidity aggregation solution addresses the business needs of brokers, banks, institutional and algorithmic trading clients. Specifically, the web-based trading solution is now available through HTML5 browser and mobile devices, and it enables users to offer a single dealer platform (SDP) to their customers.

This actually catches up with a major shift occurring in the FX market demand for SDP platforms driven by customers’ need for asset class diversification, post-trade support, research and market data.

A cloud-based environment included in the solution allows for complete customization, as well as RFS and ESP trading in spot, outrights, swaps, NDFs, precious metals and CFDs.

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