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Singapore-based brokerage Phillip Securities, part of the PhillipCapital Group, has partnered with US-headquartered currency technology provider Integral to accelerate the expansion of its institutional foreign exchange (FX) offering.
Historically focused on retail clients, Phillip Securities is using Integral’s pricing and distribution technology to support a larger institutional FX franchise. The integration will allow the firm to manage higher volumes of FX Contracts for Difference (CFDs) alongside its existing equity CFD business, and service a broader range of professional clients.
The partnership gives Phillip Securities access to real-time FX price feeds and streamlined price distribution to institutional customers and other entities within the PhillipCapital Group. These include Phillip Nova and Phillip Securities Japan, both of which already use Integral’s technology to support their FX trading operations.
A key element of the rollout is Direct Market Access (DMA) for institutional clients, providing direct market pricing and a wider range of execution options. The model is designed to deliver greater speed and transparency across more FX instruments – a structure that is gaining traction among institutional participants in the APAC region. Phillip Securities will also be able to scale its offering by adding new FX instruments over time.
Luke Lim, Managing Director, Phillip Securities
“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.”
Luke Lim, Managing Director, Phillip Securities
For Integral, the agreement deepens its relationship with the wider PhillipCapital Group, where its systems are already used to upgrade trading infrastructure and support FX growth initiatives.
Harpal Sandhu, CEO, Integral
“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.”
Harpal Sandhu, CEO, Integral
The collaboration is aimed at giving Phillip Securities a more competitive institutional FX proposition, underpinned by scalable technology that can support higher volumes, broader product coverage and more sophisticated execution expectations from professional traders.
Integral is a currency technology partner to hundreds of financial institutions, including banks, brokers, investors and cross-border payment companies, which embed its FX technology into their workflows and client-facing services. Founded in 1993, the firm supports customers from offices in Palo Alto, New York, London, Tokyo, Singapore and Bengaluru.
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