Technology Licensing Agreements Concluded for Integration of ProTrader and MetaTrader...
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Technology Licensing Agreements Concluded for Integration of ProTrader and MetaTrader 4 Forex Trading Platforms with Integral's FX Grid(R) -- Integral FX Grid 3.0 multi-source liquidity is now accessible to brokers operating PFSoft ProTrader and MetaQuotes MetaTrader 4 retail platforms -- CEO Sandhu cites growth in retail FX trading MOUNTAIN VIEW, Calif.--(Business Wire)-- Integral Development Corp. ('Integral') announced that it had concluded separate technology licensing agreements for the integration of Integral's FX Grid(R) 3.0 and two leading retail forex trading platforms. Under the agreements, brokers operating PFSoft's ProTrader and MetaQuotes Software Corp's MetaTrader 4 gain direct market access to multi-bank liquidity through Integral's FX Grid. The integration technology enabling the retail forex sector to access the Integral FX Grid is being generally released today. It enables brokers to configure aggregated pricing streams from multiple sources on the FX Grid and tailor them to their individual business models. Broker-dealers offering forex trading can arrange to see a demonstration of the technology by visiting www.integral.com. Harpal Sandhu, Integral's CEO, said: "As retail forex trading is growing rapidly, many brokers are specializing in the sector while banks and other financial service firms are moving quickly to add forex trading to their service offerings." "These initial integration agreements, and several others to be announced, are serving as a catalyst for growth by allowing brokers to bypass single source pricing systems and allow their clients to leverage transparent, multi-source liquidity from the FX Grid," he added. The integration agreements between Integral and PFSoft for ProTrader and Boston Technologies, MetaQuotes' USA representative for MetaTrader 4, are the first of their kind to be implemented. MetaQuotes and PFSoft each specialize in financial trading software solutions for retail forex. Denis Borisovsky, CEO of PFSoft, said: "Access to Integral technology and its connectivity with the major bank liquidity providers has tremendous appeal to our broker clients. With retail volume skyrocketing worldwide, we wanted to enhance our solution by integrating with a global network offering greater scale, depth of liquidity and price transparency." George Popescu, CEO of Boston Technologies, said: "Liquidity and pricing are key to the success of our brokers' MetaTrader 4 retail trading systems. Single point access to multi-source liquidity and aggregation greatly enhances our solutions right out-of-the-box". Viral Tolat, Integral's co-founder and Chief Technology Officer, said: "Our technology is delivered as Software-as-a-Service (SaaS) so the ProTrader and MetaTrader 4 integration is quick, easy and is accomplished without adding new IT infrastructure or software." About Integral Integral develops and operates FX Grid(R), a global open electronic FX network connecting active market participants with all major sources of FX liquidity. Together with FX Inside, its real-time aggregated trading system, Integral's products represent the intersection of direct market access and algorithmic trading in the foreign exchange markets. Founded in 1993, Integral employs more than 200 professionals and maintains development, support and sales offices in Silicon Valley, Chicago, New York, London, Tokyo, Singapore and Bangalore. Investors include Accel Partners, Ignite Group, ABN Amro, Hudson Ventures, Bain Capital and AIG. For more information please visit: www.integral.com About PFSoft PFSoft has been an internationally recognized software solutions provider for the financial markets since 2003. The company concentrates on development and support of systems for online trading. Clients include broker-dealers, banks and other financial institutions worldwide. ProTrader is a fully automated trading platform for both market-makers and brokers. Its design is based on 5 years of foreign exchange market research and analysis. ProTrader can be easily integrated with external data feeds and order routes. For more information please visit: www.protrader.net About Boston Technologies Boston Technologies is the USA reseller for MetaQuotes' MetaTrader 4 retail trading platforms. Boston Technologies also develops technology for the broader financial trading industry such as order and execution management solutions, custom feeders and inter-platform bridges. For more information please visit: www.bostontechnologies.com About MetaQuotes MetaQuotes Software Corp. is a leading provider of industrial software products for financial markets, including high quality online trading platforms for automated online brokerage services in forex, CFD (Contract-for-Difference) and futures markets. Founded in 2000, the company released its first professional online trading platform, FX Charts. The platform was specifically adapted for the forex market. The company's MetaTrader 4 suite of forex solutions is a leader in the small-to-medium sector of the market. For more information please visit: www.metaquotes.net Creative Partners PR Nick Kilsby, +1 (203) 705-9202 email@example.com Copyright Business Wire 2008
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