Singapore-headquartered brokerage Straits Financial Services has announced an expansion of its partnership with Integral, a currency technology provider, to strengthen its operations in the precious metals market across Asia. This move comes as gold prices hit new highs and trading volumes surge, allowing the brokerage to optimise pricing and improve liquidity aggregation.
Straits Financial Services has extended its services to the SG1 data centre in Singapore, aiming to enhance execution quality and liquidity provision for its customers dealing in foreign exchange (FX) instruments and precious metals. This expansion is part of the company’s strategy to secure competitive pricing for its Asian clientele, facilitated by Integral’s API-first technology, which allows seamless integration with external systems.
The brokerage’s increased activity in the Asian precious metals market includes trading in gold, silver, platinum, and palladium. Integral’s pricing engine, which converts prices from ounces to grams or kilograms, is crucial for Straits Financial Services’ success in this sector. This feature improves pricing transparency and risk management by benchmarking prices against local currencies.
Susan Quek, Vice President and Head of Sales at Straits Financial Services, stated, “We have experienced first-hand the substantial impact Integral’s tech can have on precious metals and FX trading operations, offering optimised pricing, superior liquidity aggregation, and streamlined operational efficiencies.”
Integral’s CEO, Harpal Sandhu, added, “Our partnership with Straits Financial Services is a perfect example of this agility, allowing the firm to continue consolidating its position as a leading broker in the region.”
This partnership expansion underscores Straits Financial Services’ commitment to delivering high-quality service and positions the firm to thrive in the growing precious metals market.
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