Phillip Securities Partners with Integral to Elevate Foreign Exchange Capabilities for Institutional Investors

Phillip Securities, the Singapore-based integrated financial house, and a member of PhillipCapital Group, has selected American-based Integral, the leading currency technology provider to financial markets, to propel its institutional foreign exchange (FX) offering.

Traditionally focused on retail markets, Phillip Securities has chosen Integral’s solutions for pricing and distribution to drive the expansion of its FX trading services for institutional market participants. The integration will allow Phillip Securities to seamlessly manage higher volumes of FX Contract for Difference (CFDs) and service a greater number of clients, complementing its established equity CFD offering.

The adoption of Integral’s technology provides access to real-time price feeds, with streamlined price distribution to institutional clients and other business entities within PhillipCapital. These include Phillip Nova and Phillip Securities Japan, both of which have integrated Integral’s technology to support FX trading operations.

The integration will also allow institutional clients to leverage Direct Market Access (DMA) trading, enabling clients to execute trades across a wider variety of FX instruments with greater speed and transparency. This streamlined model provides direct market pricing and supports alternative execution options, an approach gaining traction among market participants in APAC. The scalability of Integral’s solutions also means Phillip Securities can incorporate additional FX instruments in the future.

Luke Lim, Managing Director of Phillip Securities, said: “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.”

Harpal Sandhu, CEO of Integral, said: “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.”