Foreign exchange trading demand surged for yet another month on Integral, a technology provider in the forex trading industry, for March 2021, making it the month with the second-highest average daily volumes (ADV).
The company reported that its ADV for March across the entire liquidity venues of Integral came in at $53.6 billion. The number is 6.3 percent higher than the ADV reported by the firm in the previous month with $50.4 billion.
Trading Demand Spiked Again
Integral highlighted that its ADV for March 2021 remained only lower than the reported numbers exactly a year ago in March 2020, when the forex market activity peaked with the implications of Coronavirus on the economy. On a year-over-year basis, the trading demand on the platform remained 3.6 percent lower.
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Founded in 1993, Integral has sales offices in Palo Alto, New York, London, Tokyo, Singapore and Bangalore. It is a major company in the forex trading industry, offering a wide range of services with brands like TrueFX, the spot trading venue offered by the company, and Integral OCX, ECN services for institutions.
Additionally, the company highlighted that the rise for March 2021 follows a recent trend of upward growth in volumes for Integral and is attributed to the increasing activity on TrueFX over the last six months.
Moreover, the FX technology company is expanding its presence in the forex industry with several partnership deals. Since the beginning of this year, Raiffeisen Bank International, IS Investment, and Spuerkeess tapped Integral for FX trading technologies. Furthermore, Switzerland-based Swissquote expanded its decade-long partnership with Integral by signing another multi-year agreement last December.