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Integral Opens New Office in Hong Kong in Expansion of FX Inside(TM) Global Sales Organization.

Names former 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 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, 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."

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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, Integral's products represent the intersection of direct market access and algorithmic trading 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, London, Bangalore, Singapore, Hong Kong and Tokyo. Investors include Accel Partners, Ignite Group, ABN Amro, Hudson Ventures, Bain Capital and AIG.
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Publication:Business Wire
Date:Apr 21, 2008
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