Banco de Chile Rolls out Integral for FX Operations

Banco de Chile has adopted Integral’s Price Engine and Liquidity Aggregation products to bolster its FX operations by consolidating its pricing logic and streamlining execution workflows.

As part of the deal, Integral has connected to Datatec, Chile’s primary provider of FX infrastructure, enabling the bank to capture live data and deliver pricing across multiple channels and client segments. The deployment is across NDFs, USD/CLP spot and forwards, and swaps, as well as multi-dealer platforms, internal sales teams, and client-facing white-label platforms.

“As we advance digital transformation as a strategic imperative, this collaboration with Integral is an essential milestone in entrenching automated, streamlined FX pricing into our trading workflows,” says Sergio Karlezi, manager of the treasury division at Banco de Chile.

Harpal Sandhu, CEO of Integral, adds, “Leading the charge to FX automation in the region, Banco de Chile has further differentiated itself by allowing clients to benefit from improved speed, transparency and accuracy in FX price discovery. As interest in trading multi-currency pairs featuring the Chilean peso expands, Banco de Chile will be able to capitalise on the opportunity at hand and better service its growing client base, both in Chile and abroad.”