SGX-Derivatives Trading and Clearing Member of the Singapore Exchange, Bright Point International Financial (SG) Pte Ltd (BPI), has announced that it has advanced its partnership with Integral, a leading currency technology provider to financial markets, to expand its foreign exchange (FX) and precious metals operations.

Singapore based BPI, a subsidiary of BPI Financial Group Limited, has implemented Integral’s Price Engine, Distribution, Liquidity Aggregation and Trading products. Integral’s Price Engine acts as a transformative tool for institutional brokers, providing ultra-low latency and access to a range of bank and non-bank liquidity providers (LPs). The integrated real-time price feeds are instrumental for trading in non-deliverable forwards (NDFs) and outright forwards: two FX products witnessing a surge in demand in Asia. The scalability and agility of Integral’s products will enable BPI to scale its FX business and meet this demand, managing higher volumes and facilitating trading for a wider range of clients.

Integral’s Price Engine also enables effortless conversion of precious metals from price per troy ounce to grams and kilograms, which are more commonly used measurements in Asia. This is valuable for BPI’s clients looking to capitalize on the boom in precious metals markets.

The implementation will also permit users to seamlessly create synthetically crossed pairs with other currencies beyond the dollar. This comes in response to mounting client demand for crosses in precious metals and FX. There is particularly strong demand for crosses with Asian currencies, including the Singapore dollar (SGD), Hong Kong Dollar (HKD) and Thai Baht (THB), as market participants seek alternatives to the dollar for local trades.

Additionally, the functionality around synthetic crosses directly supports BPI in diversifying its client base. Specifically, it will enable the provision of deliverable currencies to facilitate payment requirements of financial institutions both locally and in other emerging market countries.

Raymond Mok, Managing Director at BPI, said,

“We are pleased to partner with Integral to strengthen our operations and drive business growth across multiple facets. The platform’s robust capabilities and seamless integration enhance our efficiency and client servicing. Its strong connectivity and scalability enable us to respond swiftly to market changes and serve our clients more effectively in the dynamic FX markets.”

Harpal Sandhu, CEO of Integral, commented,

“By partnering with Integral, BPI is not only transforming its core trading operations, but upgrading the client experience as well. Now powered by optimized trading workflows, the broker can strengthen its regional presence as a specialist in currency and precious metals markets.”

About Integral

Integral is the currency technology partner to hundreds of financial institutions, including banks, brokers, investors and cross-border payment companies, who have embedded Integral’s technology in their workflows and customer-facing services.

Adopted first by the financial markets and now integrated across all industries – our embedded FX services are solving the currency challenges faced by every global organization.

Founded in 1993, we support customers from our offices in Palo Alto, New York, London, Tokyo, Singapore and Bengaluru.