Swissquote stands as an online trading platform based in Switzerland, and has made an announcement. This announcement is regarding Integral, the FX technology firm, having its decade-long partnership be extended, doing so through a multi-year subscription agreement.
Reinforcing A Decade-Long Partnership
It was about a decade since Integral and Swissquote first formed their partnership, with both companies collaborating within technological innovations numerous times. Now, as the official press release detailed, the two companies will continue to leverage each other’s offerings. Swissquote will continue to rely on Integral to provide its technology offerings to Swissquote’s global FX business in order to manage the complete workflow. Not wanting to set a specified term, this new agreement is using the monthly fixed-cost subscription model.
The Mandatory Kind Words
Mohamed Hajibe stands as Swissquote’s Institutional Head Of Sales, and gave comment about the matter at large. He explained that the Swissquote-Integral partnership has been going on for more than ten years, citing Swissquote’s appetite for FX technology that can meet the high standards needed from the firm.
He cited Swissquite’s customers gaining these services while at the same time allowing Swissquote to provide its differentiated and unique FX offerings to its customers. He explained that Swissquote desired the subscription model for their partnership as it allows for robust, sustainable scaling of the business.
Hajibe expressed his firm’s excitement in the expansion of the services using Integral within the next few months, eager to cement their mutualistic relationship even further.
Swissquote itself had reported a very strong first half of 2020, and had made a partnership with PostFinance for a new joint venture.
Everyone’s A Winner
Integral, in turn, had seen a number of collaborations with finance firms in order to deliver advanced execution and workflow management solutions. Integral had reported strong volumes in FX for October, as well.
Harpal Sandhu stands as Integral’s CEO, and gave comment about the matter, as well. He explained that his FX technology firm is thrilled to have this partnership with Swissquote be extended, seeing Swissquote as a valuable partner for the firm. Sandhu highlighted the fully-customizable nature of Integral’s software, allowing Swissquote to adapt it to the firm’s evolving strategy and workflow.
As a result, Swissquote is capable of offering each of its customers a bespoke FX service, in turn, which enables Swissquote a level of choice and flexibility regarding how their FX business is run, Sandhu stated.