PRESS RELEASE
Cloud to Dominate FX Technology by 2025, Survey Reveals
Findings indicate greater focus on technology costs.
PALO ALTO, California (2 March 2021) – The $6 trillion foreign exchange (FX) industry isin the midst of a tech revolution, with cloud computing and trading technology upgrades set
to become the sector’s major disruptors in 2021 and beyond, according to new independent
research commissioned by Integral, a leading provider of FX SaaS technology solutions andtrading platforms.
With continued levels of uncertainty in today’s remote working environment, respondents ina survey of heads of FX trading and senior FX managers at financial institutions1 acrossEurope, North America, and Asia Pacific said that cloud will make significant headway overthe course of the next five years. Findings showed that 28% of respondents will operate their
FX technology completely in the cloud within the next five years compared to the current
figure of 2%. Further, an additional 41% will be using some combination of cloud and onpremise technology compared to 24% at present.
Findings also indicate multi-dealer platforms will see the biggest rise in usage compared toother trading channels in the next 12 months. An increased emphasis on relationship trading
has also pushed API trading into focus for many, with 33% of respondents expecting thistrading method to rise in popularity over the next 12 months. This interest in API trading
underscores a trend toward institutions leveraging increased control over brand anddistribution technology, while maintaining lower operational costs through outsourced FXtechnology. Respondents signalled the expected shift to cloud is driven by lower cost oftechnology, ease of integration, automation, ability to customize, and accessibility for
distributed workforces.
Commenting on the findings, Harpal Sandhu, CEO of Integral said: “This past year has
proven that the future of FX trading is highly dependent upon technology. It is no surprisethat in the next five years cloud computing is projected to feature in the workflow of almost
everyone surveyed. Looking ahead, we expect that the increased use of cloud will help
market participants of all shapes and sizes perform their FX functions on a daily basis
cheaper and more efficiently, and that time to market, customisation abilities and remote
accessibility will continue to be necessary requirements of a sophisticated workflow.”
Further information about the survey is available here.
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1 72% of the respondents of the survey were from banks; 10% from a non-bank market maker; 3% from an asset

manager firm; 1% from corporate and 14% of respondents did not disclose their employer.

About Integral
Integral is a financial technology company that helps its customers — banks, brokers, andasset managers — outperform their competition in the foreign exchange market throughinnovative solutions for workflow management and advanced execution. This powerfulcloud-based platform is the industry’s only answer for FX institutions that want to design anddeliver complete solutions tailored to their businesses. Integral’s modern approach ofaddressing the entire FX lifecycle with an intelligent platform allows its customers to achieve
the lowest transaction costs, greatest operational efficiency, and highest yield.
Founded in 1993, Integral maintains development, support, and sales offices in Palo Alto,New York, London, Tokyo, Singapore and Bangalore. ©2021 Integral Development Corp. All
rights reserved. Integral technology is protected under U.S. Patent Nos. 6,347,307;
7,882,011; 8,417,622; 8,862,507, 9,412,134; 9,836,789; 10,387,952 and patent pending
applications and related intellectual property. Additional information is available athttps://www.integral.com
Contact:Integral
3000 El Camino Real
2 Palo Alto Square, 6th Floor
Palo Alto, CA 94306, USAemail: integral@aspectusgroup.com
https://www.integral.com