Mountain View, CA: June 01, 2009: Signaling continued expansion for one of the industry's fastest growing electronic foreign exchange (eFX) platforms, Integral Development Corporation (www.integral.com) today announced an $11 million investment led by Adams Street Partners, one of the largest managers of private equity investments in the world.
"In these volatile markets, Integral's unique transparency based platform which allows our partners to build lasting, stable relationships with their customers and counterparts has led to explosive volume growth," said Harpal Sandhu, CEO, Integral Development Corporation. "Having now achieved profitability and delivered production solutions to the interbank, institutional broker and margin trading segments of the FX market, we decided to expand our sales and support organizations to meet the overwhelming global response from the market."
"Integral's continued rapid growth is testament to the unique value proposition of FX Grid and FX Inside to leading FX market participants," said Robin Murray, Partner at Adams Street Partners. "We are impressed by their talented management team, long term partnerships, and unique business model. We're looking forward to working closely with Harpal and his team as they take the company to the next level."
On-Demand FX trading solutions
Integral's flexible solutions and managed service business model supports all market participants with the solutions they need to conduct FX trading themselves or deliver branded trading services to their clients. Integral's private, customer-branded trading solutions are managed and operated over Integral's FX Grid®, a global inter-institutional connectivity and trading network, linking market making banks and major financial institutions. Integral solutions include:
FX Inside Professional™ is the industry's most powerful direct market access (DMA) trading system. FX Inside Professional combines pricing and aggregation of FX spot prices, forwards and outrights with algorithmic execution services giving you maximum liquidity and best execution.
FX Inside White Label™ private FX trading solutions are managed service trading systems that allow you to source, package, and deliver your liquidity, directly to your clients, under your brand. Whether you are a broker, retail aggregator or bank, Integral White Label solutions allow you to offer complete FX trading services to your institutional, corporate, professional, and retail clients.
FX Power Trader™ is a complete white label, retail margin trading solution that includes strategies, advanced order types, charting, and market news. Deployed in combination with FX Grid, banks and brokers can aggregate direct market access liquidity and deliver custom price streams to suit their clients' needs.
Integral's solutions are delivered as software-as-a-service (SaaS) so that FX trading providers can enter new markets quickly without having to own and operate any IT infrastructure.
Integral develops and operates FX Grid, a global Multi-sided Trading Facility (MTF) connecting active market participants with all major sources of FX liquidity. Together with FX Inside, its real-time Execution Management System (EMS), Integral's products represent the intersection of direct market access and algorithmic trading in the foreign exchange markets. Founded in 1993, Integral maintains development, support, and sales offices in Silicon Valley, Chicago, New York, London, Hong Kong, Tokyo, Singapore and Bangalore. Investors include Accel Partners, Adams Street Partners, Hudson Ventures, Ignite Group, Mizuho Capital and Mitsubishi UFJ Capital. For more information, visit www.integral.com.
About Adams Street Partners
Adams Street Partners is one of the largest managers of private equity investments in the world, an independent employee-owned investment firm that provides private equity fund of funds and direct partnership capabilities to institutional clients. Currently, Adams Street Partners manages $19.9 billion of committed capital for clients in Australia, Japan, North America, the U.K. and Europe. Adams Street Partners is well known internationally for its continuous commitment to, and deep understanding of, private equity and a unique dedication to client service. For more information, please visit www.adamsstreetpartners.com.