Integral launches TrueFX

Signaling a dramatic shift in how foreign exchange market participants gain visibility into inter-bank foreign exchange rates, obtain market data, Integral Development Corporation has announced the launch of TrueFX.

First Published by e-Forex News: October, 2009

Signaling a dramatic shift in how foreign exchange market participants gain visibility into inter-bank foreign exchange rates, obtain market data, Integral Development Corporation has announced the launch of TrueFX. TrueFX provides retail brokers with direct access to the interbank foreign exchange market. By increasing transparency and auditability for everyone, Integral predicts that a safer more trustworthy market will emerge, resulting in dramatically greater market participation. Built upon FX Grid®, Integral’s global inter-institutional connectivity and trading network, linking market making banks and to FX market participants, TrueFX is live and in production today. On the portal site TrueFX.com, Integral publishes tick-by-tick historical and real-time market data free of charge to all market participants. Users have access to clean, aggregated, dealable bid and offer prices direct from leading market makers. “TrueFX is a paradigm shifting event that will change the way foreign exchange markets are organized,” said Harpal Sandhu, CEO, Integral Development Corporation. “By providing clean, dealable prices supported by free real time and historical tick-by-tick data, we believe the overall confidence in the market will increase, which in turn will lead to much greater market participation.”