Tags: ACI Vienna World Congress, Bangalore, Barclays Bank, Barclays Capital, BARX, Chicago, foreign exchange, FX Power Trader, Hong Kong, Integral Development Corporation, integral.com, London, New York, Silicon Valley, Singapore, Tokyo, Vienna

FX on Barx is first ‘live’ FX Power Trader solution
International bankers view new trading platform at ACI Congress in Vienna

Integral Development Corporation, the leading independent electronic foreign exchange (eFX) trading technology provider, announced today the extension of its ‘White Label’ partnership with Barclays Capital, the investment banking division of Barclays Bank PLC.

“We are delighted that Barclays Capital chose FX Power Trader™ technology to launch its widely anticipated move into the rapidly growing eFX retail sector,” said Harpal Sandhu, Integral’s CEO.

“By combining the leading edge functionality of FX Power Trader, Integral’s new retail managed service offering, with the market leading liquidity of Barclays Capital, the bank and its broker partners will enjoy the best of all worlds, with no upfront capital investment,” he added.

The first partner institution to take advantage of the new offering is Barclays Wealth with its FX on BARX platform. The service was launched earlier this month under the Barclays Stockbrokers brand to its private client base.

The platform was immediately recognized with the Profit and Loss 2008 “Best White Label” award and cited as setting a “new high water mark” for the retail space.

Integral and Barclays Capital are today showcasing FX on BARX at the 47th ACI- Financial Markets Congress in Vienna by giving the international banking community its first ‘hands on’ demonstration of the trading solution.

More than 700 bankers and specialists in foreign exchange are attending the congress to debate issues and opportunities presented by the rapid growth in FX trading and the new wave of retail participation in the $3.2 trillion-a-day global FX market.

‘White Label’ eFX technology lets major banks like Barclays tailor applications for its own business units, correspondent banks, brokers and now retail clients, to manage FX trading efficiently without significant new investment in resources. The Integral technology is delivered as a managed service that lets users launch trading services quickly and efficiently.

Integral is at booth # 22 with Barclays Capital during the ACI Vienna World Congress at The Austria Center (May 29-31st). FX Power Trader is available now to all banks and brokers. For further information visit: www.integral.com.

About Integral

Integral is the leading provider of White Label trading systems for both institutional and retail trading. Integral also develops and operates FX Grid®, a global open electronic FX network connecting active market participants with all major sources of FX liquidity and FX Inside, its real-time aggregation trading application. Integral’s products represent the intersection of direct market access and complete trading services for foreign exchange markets.

Founded in 1993, Integral employs more than 200 professionals and maintains development, support and sales offices in Silicon Valley, Chicago, New York, London, Tokyo, Singapore, Hong Kong and Bangalore. Investors include Accel Partners, Ignite Group, ABN Amro, Hudson Ventures, Bain Capital and AIG.

Visit: www.integral.com

About Barclays Capital

Barclays Capital is the investment banking division of Barclays Bank PLC which has an AA long-term credit rating and a balance sheet of over £986 billion. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with solutions to their financing and risk management needs. Barclays Capital has offices in 26 countries, employs over 10,500 people and has the global reach and distribution power to meet the needs of issuers and investors worldwide.

Barclays Capital is a leader in Ecommerce solutions. For more information about how BARX can help your business or to access BARX, visit: www.barx.com.

About ACI - The Financial Markets Association

The organization was founded in France, in 1955, following an agreement between foreign exchange dealers in Paris and London. In the years that followed, other national associations were formed and there are now affiliated financial markets associations in 63 countries and individual members in another 5 countries.

ACI has the largest membership of any of the international associations in the wholesale financial markets. The Head Office is based in Paris.

For further information on the World Congress, visit: www.aci-austria.com.

Contacts

For Integral Development Corporation
Nick Kilsby, +1 203-705-9202