Singapore-based integrated financial house Phillip Securities, a member of PhillipCapital Group, has announced that it has selected US-based Integral to propel its institutional foreign exchange (FX) offering.

Traditionally focused on retail markets, Phillip Securities has chosen Integral’s solutions for pricing and distribution to drive the expansion of its FX trading services for institutional market participants. The integration will allow Phillip Securities to seamlessly manage higher volumes of FX Contract for Difference (CFDs) and service a greater number of clients, complementing its established equity CFD offering.

The adoption of Integral’s technology provides access to real-time price feeds, with streamlined price distribution to institutional clients and other business entities within PhillipCapital. 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 institutional clients to leverage Direct Market Access (DMA) trading, enabling clients to execute trades across a wider variety of FX instruments with greater speed and transparency. This streamlined model provides direct market pricing and supports alternative execution options, an approach gaining traction among market participants in APAC. The scalability of Integral’s solutions also means Phillip Securities can incorporate additional FX instruments in the future.

Luke Lim, Managing Director of Phillip Securities, said,

“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. 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, said,

“Phillip Securities’ selection of Integral is a testament to the value delivered by our solutions for other members of PhillipCapital group, upgrading the trading infrastructure and delivering tangible results. 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, and we look forward to working with the company in this next step in its journey.”

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 – Integral’s embedded FX services are solving the currency challenges faced by every global organization. Founded in 1993, Integral supports customers from offices in Palo Alto, New York, London, Tokyo, Singapore, and Bengaluru.

About PhillipCapital

Since its inception as a stockbroker (Phillip Securities) in 1975, PhillipCapital has grown into an integrated Asian financial house with a global presence and offers a full range of quality and innovative services to retail and high net worth individuals, family offices, as well as corporate and institutional customers.

PhillipCapital offers a comprehensive suite of financial products and services includes broking in securities, futures, foreign exchange, bonds, precious metals and commodities, unit trusts, contracts for difference, exchange traded funds, fund management, managed accounts, insurance planning, regular savings plan, investment research, equity financing and property consultancy. Institutions can also benefit from our corporate finance and advisory services as well as information technology solutions.

Today, headquartered in Singapore, PhillipCapital operates in the financial hubs of 15 global locations including Australia, Cambodia, China (and Hong Kong SAR), India, Indonesia, Japan, Malaysia, Singapore, Thailand, Turkey, UK, UAE, USA and Vietnam, serving over 1.5 million clients with Assets Under Management exceeding US$65 billion.