Integral Opens New Office in Hong Kong in Expansion of FX Inside(TM) Global Sales Organization.Names former EBS See Swiss Electronic Bourse.EBS See electronic blue sheet (EBS). executive Margaret Ma MOUNTAIN VIEW, Calif. -- Integral Development Corp., the leading independent electronic foreign exchange (eFX) trading technology provider, announced the opening of an office in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. to expand its global sales organization to eight offices. The company also hired Margaret Ma as the office's first sales executive. Ms. Ma recently ended a 13-year career at EBS in Hong Kong. The announcement reflects the rapid growth in global demand for eFX trading solutions from banks, funds and broker-dealers seeking wider access to opportunities in the $3.2 trillion-a-day market. Harpal Sandhu, Integral's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said: "In addition to strong demand from Tokyo and Singapore, we are seeing sharply increasing demand from Hong Kong and mainland China, making it essential to have someone with Margaret Ma's credentials to launch our sales and service program in the region." Ms. Ma joined EBS in Hong Kong in 1993 as a sales and account management executive working mainly with the local offices of the major banks. She participated in the introduction of both eFX and fixed income products, including NDFs in regional currencies. Jon Barker, Integral's VP - Global Sales, said: "Although we already have clients in Hong Kong, we have reached a point where interest in our new FX Inside[TM] 3.0 release, with its ability to allow banks to launch smart, privately branded solutions, demands that we have a local presence." For more information visit: www.integral.com. About Integral Integral develops and operates FX Grid[R], an open global electronic FX network connecting active market participants with all major sources of FX liquidity. Together with FX Inside[TM], its real-time aggregated trading system The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. , Integral's products represent the intersection of direct market access and algorithmic trading Algorithmic Trading A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of in the foreign exchange markets. Integral's solutions and services 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. Founded in 1993, Integral employs more than 200 professionals and maintains development, support and sales offices in Silicon Valley, Chicago, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , London, Bangalore, Singapore, Hong Kong and Tokyo. Investors include Accel Partners, Ignite Group, ABN Amro ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) , Hudson Ventures, Bain Capital and AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group . |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion