Integral and Jefferies FXPB Launch TrueFX
Innovative OTC venue set to reduce FX trading costs through highly convenient and transparent solution
Fully integrated combination of technology, credit and liquidity fundamentally alters the buyside cost
structure of FX market access

PALO ALTO (November 11, 2019) – Integral, a leading financial technology company, and Jefferies, aglobal investment banking firm, today announced the launch of TrueFX, a fully integrated service
designed for buyside firms to conveniently connect and trade with the FX market at a fraction of today’s
trading costs.
Designed for the buyside community, including retail brokers, macro hedge funds, prime of primes andalso regional banks, the centrally cleared venue provides direct access to FX liquidity through a single
point of credit intermediation and technology integration. Trading, technology and credit costs are
significantly reduced by combining the solutions into a single convenient offering.
Open to the entire OTC community, TrueFX efficiently delivers access to the institutional FX market for a
new and diverse client base. Participants access other TrueFX community members via a dedicatedIntegral connectivity network and either a direct credit relationship with Jefferies FXPB or a relationshipwith a client of Jefferies FXPB.
Brandon Mulvihill, Global Head of FX Prime Brokerage at Jefferies said, “The flow of credit is the lifebloodof the FX market, but market inefficiencies have stalled accessible and affordable credit for many market
participants. We are excited to play a pivotal role in addressing this challenge via TrueFX and tocollaborate with an industry-leading team at Integral to make this happen.”Harpal Sandhu, Founder and CEO of Integral: “The market has a huge desire to access additional parties
with which to trade. We are working on making available all leading sources of liquidity, so clients cantrade with everyone through a single connection. TrueFX is built on Integral’s ECN network, which isrecognized for its ultra-low latency, high-performance and superior integration. This means trading
members of TrueFX can find a streamlined, cost efficient meeting place with seamless onboarding.”

About Integral
Integral is a financial technology company that helps its customers - banks, brokers, and asset managers- outperform their competition in the foreign exchange market through innovative solutions for workflow
management and advanced execution. This powerful cloud-based platform is the industry’s only answer
for FX institutions that want to design and deliver complete solutions tailored to their businesses.
Integral’s modern approach of addressing 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.
©2019 Integral Development Corp. All rights reserved. Integral technology is protected under U.S. PatentNos. 6,347,307; 7,882,011; 8,417,622; 8,862,507, 9,412,134; 9,836,789, and patent pending applications
and related intellectual property. Additional information is available at https://www.integral.com
For media inquiries, please contact:
Kate Bennett, Integral, +44 207 154 8019 kate.bennett@integral.com

About Jefferies
Jefferies Group LLC, the largest independent full-service global investment banking firm headquartered in
the U.S. focused on serving clients for over 55 years, is a leader in providing insight, expertise andexecution to investors, companies and governments. Our firm provides a full range of investmentbanking, advisory, sales and trading, research and wealth management services across all products inthe Americas, Europe and Asia. Jefferies Group LLC is a wholly-owned subsidiary of Jefferies Financial
Group Inc. (NYSE: JEF), a diversified financial services company.
For media inquiries please contact:
Richard Khaleel, Jefferies, +1 212 284 2556, rkhaleel@jefferies.com