Phillip Securities Signs with Integral

Singapore-based broker-dealer Phillip Securities has selected Integral to provide the technological backbone for its push into the institutional FX arena.

Historically a retail-focused organisation, Phillip Securities says deploying Integral will allow it to manage higher CFD (contracts for Difference – historically a retail product) and service a greater number of clients, thus complementing its established equity CFD offering.

The technology will provide access to real-time price feeds, with streamlined price distribution to clients and other business entities within PhillipCapital Group. These include Phillip Nova and Phillip Securities Japan, both of which have integrated Integral’s technology to support FX trading operations.

The integration will also allow clients to leverage Direct Market Access (DMA) trading, enabling them to execute trades across a wider variety of FX instruments with greater speed and transparency, the firms say.

“Diversifying into the institutional markets is a key pillar of our development strategy, and Integral’s solutions give us the pricing precision and distribution efficiency to deliver an institutional-grade FX capability that meets the expectations of today’s professional clients,” says Luke Lim, managing director of Phillip Securities. “As our local and regional client base expands, this partnership will allow us to benefit from the reliability and agility of Integral’s solutions to adapt seamlessly to evolving client demands and changing market conditions.”

Harpal Sandhu, CEO of Integral, adds, “To excel in institutional markets, garnering the trust of clients is key. The reliability and efficiency of Integral’s technology will support Phillip Securities in securing this trust.”