PRESS RELEASE
TrueFX announces First Trades Completed on Platform
FXCM, AxiCorp and Velocity Trade are the first counterparties to trade on venue withleading eFX market makers

PALO ALTO (April 7, 2020) – TrueFX, a purpose-built OTC market designed for the buy-side, has
today announced it executed the first set of disclosed trades between counterparties on its network.
The first trades were executed by FXCM, AxiCorp, Velocity Trade and leading electronic marketmakers.
TrueFX has been designed to provide all market participants with direct access to FX liquidity througha single point of credit intermediation and technology integration. Delivered in a cloud environment, its
ultra-low latency network can be easily connected to and offers uninterrupted access for market
participants around the world. TrueFX operates both disclosed and non-disclosed trading andsupports a wide range of execution methods, including full amount and VWAP.
Daniel Beale, Head of Institutional Sales and Trading at AxiCorp said, “AxiCorp is extremely pleased
to have participated in the first live trades on TrueFX. The transparent and highly efficient model
employed by the platform is an exciting development for the markets and we look forward tocontinuing our participation over the coming months.”
Richard Holman, Head of Prime Brokerage at Velocity Trade said, “Velocity Trade is proud todemonstrate its commitment to TrueFX by executing the first trades on the platform. TrueFX
represents an exciting opportunity for many FX market participants through the increased accessibility
and transparency it brings.”
Brendan Callan, CEO of Forex Capital Markets (FXCM) said, "TrueFX is an exciting and innovative
proposition that allows more market participants to connect and trade with the widest range ofcounterparties. By eliminating credit as a barrier to market, many can access core FX liquidity far
more efficiently than ever before.”“TrueFX is open to the entire FX community and customers have access to any form of liquidity of
their choosing.” said Harpal Sandhu, CEO of Integral and technology provider for TrueFX. “Clients
can take full advantage of a centralized credit and technology offering, which delivers high costsavings and opens up the market to the widest possible user base. We are thrilled by the extremely
positive reaction we have received from the market and are now responding to the significant demand
from customers looking to TrueFX for efficient and convenient trading.”###About TrueFX
TrueFX is an accessible, low cost, spot trading facility delivered by Integral technology, centrally
cleared by Jefferies FX Prime Brokerage and supported by a network of TrueFX clearing members,
including FXCM, Axicorp and Velocity Trade. TrueFX combines centralized credit and technology todeliver a lower-cost and operationally efficient environment for counterparties to connect.

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 theindustry’s only answer for FX institutions that want to design and deliver complete solutions tailored totheir 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.
©2020 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, and patent pending
applications and related intellectual property. Additional information is available athttps://www.integral.com
For media inquiries, please contact:
Kate Bennett, Integral, +44 207 154 8019 kate.bennett@integral.com