Switzerland-based online trading platform, Swissquote announced the extension of a decade-long partnership with FX Technology firm Integral through a multi-year subscription agreement.
Swissquote formed a partnership with Integral around 10 years ago and since then, both companies have collaborated with each other on several occasions regarding technological innovation.
According to the official press release shared with Finance Magnates, the global FX business of Swissquote will continue to take advantage of Integral’s innovative technology offerings to manage the complete workflow. The new agreement is based on a fixed-cost monthly subscription model.
The broker plans to expand the range of services offers to customers through the new integral partnership to include their swaps and CFD products. Swissquote termed the new subscription model as an appealing proposition to expand its business in a robust manner.
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Commenting on the partnership extension, Mohamed Hajibe, Head of Institutional Sales at Swissquote, said: “We have partnered with Integral for over a decade because we demand FX technology that can meet the high level of service our customers require while allowing us to deliver our unique and differentiated FX offering to market. The subscription model was an appealing proposition as it allows us to scale our business in a robust and sustainable way. We look forward to expanding our services over the Integral platform in the coming months and are pleased to further cement our relationship with the group.”
Swissquote posted strong financial results for the first half of 2020 and also partnered with PostFinance for a joint venture.
Integral collaborated with several financial firms in the past to deliver solutions for workflow management and advanced execution. The FX technology company reported strong FX volumes in October. “We are thrilled to be extending our partnership with Swissquote, who has been a valued client of Integral for many years. Because Integral’s software is fully customizable, Swissquote has been able to adapt their workflow in line with an evolving strategy and offer every one of their customers a bespoke FX service. This has afforded Swissquote with the flexibility and choice over how they run their FX business with access to best-in-class eFX technology,” Harpal Sandhu, CEO at Integral, said in a statement.