Integral’s OCX receives significant enhancements
“Clients using Integral’s OCX private matching engine actively trade 208 currency pairs including EM, metals, energy and indices, in New York, London, and Tokyo all with near zero latency,” explained Integral’s CEO…
Trading technology firm Integral has announced a number of enhancements to its Open Currency Exchange (OCX), bringing low latency matching, integration with buy-side platforms, and advanced algorithmic trading.
Integral says that the new features make OCX “the most modern FX OTC exchange, bringing the most diverse pool of FX market participants into a single integrated network of liquidity”.
New features include hardware upgrades to provide 80 microsecond roundtrip acknowledgement time, integration with Integral’s BankFX, MarginFX, and InvestorFX offerings, and the addition of advanced algorithmic trading technologies integrated into the exchange. The enhancements are delivered through the new OCX Trader application and FIX API that allows access to liquidity, passive order placement, and algorithmic trading in one interface.
OCX is now cross-connected with more than 250 liquidity sources supplying more than 2,800 market making streams in NY4, LD4, and TY3, covering major bank, non-bank, and central limit order book. Banks and brokers can now provide market leading liquidity under their own unique brand directly to their customers.
“The modern exchange needs to maintain the performance of a central limit order book while preserving the flexibility and diversity of OTC markets,” said Harpal Sandhu, CEO of Integral. “Clients using Integral’s OCX private matching engine actively trade 208 currency pairs including EM, metals, energy and indices, in New York, London, and Tokyo all with near zero latency — that is how they achieve best execution.”