Mexican Broker GBM Taps Integral for SaaS FX Technology Solution

Integral, an eFX trading technology provider, announced yesterday a new partnership with the leading Mexico-based brokerage firm Grupo Bursátil Mexicano (GBM), to offer the latter its cloud-based SaaS FX technology.

With the collaboration, the solution delivers direct liquidity connectivity, a sophisticated pricing engine, and complete risk management capabilities. Hence, the deal will help GBM extend offerings to better cater to the needs of its growing customer base, and tap into new markets segments.

"The implementation of Integral's SaaS technology enables us to better support our expanding client base, minimizing operational and market risk, all the while reducing our internal costs," said Carla Merino Olivera, Head of Fixed Income/Sales at GBM. "With added touches, such as dedicated local Spanish-speaking team, Integral is a natural fit to support our growth strategy, that requires efficient use of technology and workflow automation tools."

The partnership with GBM in Latin America is part of Integral's global growth strategy.

"This agreement demonstrates Integral’s global presence as a leading currency technology partner, supporting advancements in FX trading in the Latin American region," noted Harpal Sandhu, CEO, Integral. "Our cloud-based SaaS offering is well suited to support GBM’s growth, benefiting from an FX workflow that is fully automated and highly configurable, spanning across the entire trading lifecycle to deliver better outcomes for their customers."

In January, UK brokerage firm Swiss Finance Corporation (SFC) has entered a partnership with Integral​, to modernize its offering and bring eFX trading to its customers.