FX technology provider Integral Development has announced that newly-launched GoDoFX, a next generation retail brokerage in the UAE, has selected Integral MarginFX to support the growth of its FX and CFD business.
CFD is an acronym for contract for difference (CFD), which is a popular form of derivative trading. FX stands for forex trading.
GoDoFX said that it selected Integral for its institutional-grade technology, which afforded a high degree of customisation in the trading workflow, seamless connection to the market through a hosted MT4 solution, and sophisticated pricing engine and risk management services.
Globally, stock markets are seeing a surge in activity as an increasing number of individuals, as young as Generation Z, beginning to explore online investing as a viable financial lifestyle choice.
As standard with Integral technology, MarginFX operates in a highly flexible and interoperable cloud-based environment, which allowed GoDoFX to design workflow and deploy services at an exceptionally fast rate.
Mohamed Ahmed, CEO of GoDoFX said: “Integral’s technology means our business is underpinned by sophisticated – yet flexible – infrastructure that allows us to provide the tightest competitive spreads while optimally managing risk at a granular level. We have been extremely satisfied with the level of service delivered.”
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. Integral’s modern approach of addressing the entire FX lifecycle and maintains its software development, support, and sales offices in Palo Alto, New York, London, Tokyo, Singapore and Bangalore.
Ebieraja Alex COO of GoDoFX said, “We chose Integral for their institutional technology that goes beyond the standard services employed in the brokerage sector. GoDoFX strongly believes in providing retail customers with an exceptional level of service and the Integral platform allows us to deliver a tailored and personalized offering to every one of our customers.”