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Integral was awarded the deal following a competitive process with other technology vendors in Latin America to support Grupo Bursátil Mexicano's growth strategy.
March 8, 2023 – Integral, a currency technology provider to the financial markets, announced that Grupo Bursátil Mexicano a Mexico-based brokerage firm has selected Integral’s SaaS FX technology in Mexico.
For GBM, Integral’s FX technology solution provides direct liquidity connectivity, a pricing engine, and risk management capabilities. The solution aims to support the broker across voice dealing and fully electronic workflows.
GBM will use this to scale to service its growing customer base and address new market 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.”
“This agreement demonstrates Integral’s global presence as a leading currency technology partner, supporting advancements in FX trading in the Latin American region,” added Harpal Sandhu, CEO, Integral. “Our cloud-based SaaS offering is well suited to support GBM’s growth, benefitting from an FX workflow that is fully automated and highly configurable, spanning across the entire trading lifecycle to deliver better outcomes for their customers.”
