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Singapore-based brokerage Straits Financial Services has strengthened its partnership with currency technology provider Integral to enhance its precious metals operations and bolster its presence in Asian markets.
The firm has expanded its services to Integral's SG1 data centre in Singapore to improve execution quality and liquidity provision across foreign exchange instruments and precious metals trading. Straits Financial Services is a Singapore-headquartered brokerage that has been using Integral's technology since 2019.
The data centre expansion reflects the company's focus on securing competitive pricing for Asian customers through Integral's API-first technology, which enables integration with external systems and venues. The move comes as Straits Financial Services builds its presence in Asian precious metals markets, trading gold, silver, platinum and palladium amid rising gold prices and increased trading volumes this year.
Integral's pricing engine allows seamless conversion from price per ounce to grams or kilograms, units more commonly used in Asian commodities markets, and enables benchmarking against local currencies for improved pricing transparency and risk management.
Susan Quek, Vice President & Head of Sale, Straits Financial Service
"We have experienced first-hand the substantial impact Integral's tech can have on precious metals and FX trading operations, offering optimised pricing, superior liquidity aggregation, and streamlined operational efficiencies," said Susan Quek, Vice President and Head of Sales at Straits Financial Services. "As we expand our presence in the precious metals space, we need to ensure our trading infrastructure can be tailored to the needs of the specific markets our customers operate in – and the scalability and reliability of Integral's technology provides exactly that. Coupled with our investment in the SG1 data centre, this milestone underscores our commitment to delivering the highest quality service to our growing client base across Asia."
Harpal Sandhu, CEO, Integral
Harpal Sandhu, CEO of Integral, commented: "Customisable to the nuances of both asset class and region, Integral's platform can be scaled to meet the current needs of our clients, as well as their plans for future expansion. Our partnership with Straits Financial Services is a perfect example of this agility, allowing the firm to continue consolidating its position as a leading broker in the region and empowering it to thrive in the precious metals sector."
Straits Financial Services currently uses Integral's products for liquidity aggregation, trading, pricing, risk management, distribution and white labelling. Integral is a currency technology partner to hundreds of financial institutions including banks, brokers, investors and cross-border payment companies. Founded in 1993, the company operates from offices in Palo Alto, New York, London, Tokyo, Singapore and Bengaluru.
