Currency trading technology provider Integral announced on Tuesday that it has formed a new partnership with Banco Base, a Mexican banking and payments company.
Banco Base’s primary business focus is helping international companies in the Latin American country manage currency transfers and supporting them with financing.
The bank’s partnership with Integral will see it integrate the technology provider’s solutions to improve its derivatives trading and pricing operations.
Previously the firm was taking individual price streams from different liquidity providers across separate platforms, and then having to analyse and aggregate them manually in spreadsheets.
By using Integral’s technology, the company can aggregate those prices in real time. Beyond its own internal analysis, this helps the company improve the pricing of swap contracts that it offers to its clients.
“By offering highly configurable and scalable solutions across FX workflows, Integral is providing banks across the world with the tools to upgrade their operations, provide a best-in-class client experience, and maintain their strategic advantage over the competition,” said Integral CEO Harpal Sandhu.
“This partnership will see Banco Base deliver clients unrivalled speed in derivatives pricing and execution, setting a new standard for financial providers in the region.”
