Integral, a forex market technology partner for banks, brokers, and asset managers, has secured a USD15m investment from Morgan Stanley Expansion Capital.
“The market opportunity for Integral has never been better,” says Harpal Sandhu, Integral founder and CEO. “Our focus on building the best FX solutions coupled with our unparalleled customer service has given us the largest installed base in the business – more than 200 leading institutions run on the Integral platform. We look forward to partnering with Morgan Stanley Expansion Capital and leveraging their deep experience and global resources.”
Integral combines the innovation of Silicon Valley with deep understanding of FX to deliver a cloud-based workflow management and trading platform that is the industry’s only answer for FX institutions that want to design and deliver complete solutions tailored to their businesses. More than 200 top-tier financial institutions rely on Integral to run their FX business. Integral will continue to capitalize on the recent success across its business including tremendous growth of OCXTM, a leading FX venue combining the widest variety of FX market participants into a single integrated network of liquidity, the successful deployment of features required for MiFID II compliance, and significant customer wins for BankFXTM.
“We are excited to partner with Integral to support their continued growth and market expansion. We believe that Harpal and his team have developed an innovative and best-in-class FX technology platform which successfully addresses the unique needs of its customer base,” says Robert Bassman, Managing Principal, Morgan Stanley Expansion Capital. “We seek to invest in proven and scalable companies that provide highly differentiated offerings like Integral.”