Singapore-based Phillip Securities has chosen US technology provider Integral to advance its institutional foreign exchange (FX) offering. Traditionally focused on the retail sector, Phillip Securities will use Integral’s pricing and distribution solutions to support its expansion into services for institutional market participants.
The integration will allow the firm to manage higher volumes of FX Contracts for Difference (CFDs), complementing its established equity CFD business. Integral’s technology provides real-time price feeds and streamlines price distribution to clients and other business entities within the PhillipCapital Group, such as Phillip Nova and Phillip Securities Japan.
Institutional clients will also gain access to Direct Market Access (DMA) trading, enabling faster and more transparent execution with direct market pricing across a wider variety of FX instruments. The scalability of the solution also allows Phillip Securities to incorporate additional FX instruments in the future.
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