Bright Point International Financial (BPI), a Singapore Exchange Derivatives Trading and Clearing Member, has advanced its partnership with currency technology provider Integral. By implementing Integral’s Price Engine, Distribution, and Liquidity Aggregation products, BPI intends to scale its foreign exchange (FX) and precious metals operations. The new technology provides ultra-low latency access to a wide range of liquidity providers, a capability that is essential for trading non-deliverable forwards and outright forwards – products which are currently seeing increased demand across the Asian market.
The implementation allows BPI to offer features specifically tailored to local requirements, such as the automated conversion of precious metals pricing from troy ounces to grams and kilograms. Furthermore, the system enables the creation of synthetic crossed pairs beyond the US dollar, addressing growing client demand for trades involving Asian currencies like the Singapore dollar, Hong Kong dollar, and Thai baht. This functionality supports BPI’s strategy to diversify its client base and facilitate payment requirements for financial institutions in emerging markets.
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