Integral Development Corp, a leading service provider to FX market participants, today launched Integral FX Benchmark™ (FXB), making available for the first time a set of second-by-second foreign exchange benchmark rates. Integral offers the FX Benchmark as a free service to the entire industry as a catalyst for market efficiency, innovation and growth. Operating the largest OTC FX network provides Integral with a broad view of the FX market and uniquely positions it to perform such fundamental research. Registered users can download data for the last five days of trading for the following seven currency pairs: AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF and USD/JPY on www.FXBenchmark.com.

“The Integral FX Benchmark can be described as continuous fixing, which we see as a major improvement over the current approach,” said Harpal Sandhu, CEO, Integral Development Corp. “Until today, no one has offered reference rates of such a caliber against which investors and traders can truly benchmark their execution. Existing reference rates are either calculated less frequently or derived from a much smaller data set. Integral’s effort is a perfect example of how Big Data can be applied for the benefit of an entire market.”