Straits Financial Joins Integral’s TrueFX
Posted by Colin Lambert. Last updated: June 16, 2021
Integral’s TrueFX platform is extending its reach in Asia Pacific with the addition of Singapore’s Straits Financial as a clearing member on the platform.
The move provides FX brokers and buy-side firms of all sizes with direct market access to liquidity on TrueFX, including the ability to access customised pricing from all market makers on the platform. They are also able to clear trades through Jefferies, the central counterparty for the platform.
“We want to provide our institutional clients with fair, transparent, and efficient access to the market,” says Raymond Mok, Straits Financial global head of FX. “TrueFX aligns with these values, and we are pleased to join the network as a clearing member and demonstrate our commitment to this exciting initiative.”
Harpal Sandhu, CEO of Integral, adds, “The size and scale of our growing clearing network allows us to offer significant cost savings to even more clients, brought around by the venue’s integrated liquidity, clearing and technology. [Strait’s Financial] participation will greatly enhance the offering available to clients.”