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May 30th, 2008 - Integral Development Corporation has announced the extension of its "White Label" partnership with Barclays Capital, the investment banking division of Barclays Bank PLC.

Barclays Capital and Integral extend “White Label” partnership with FX Power Trader for retail FX


Harpal Sandhu,CEO, Integral: "“We are delighted that Barclays Capital chose FX Power Trader™ technology to launch its widely anticipated move into the rapidly growing eFX retail sector.”

“We are delighted that Barclays Capital chose FX Power Trader™ technology to launch its widely anticipated move into the rapidly growing eFX retail sector,” said Harpal Sandhu, Integral’s CEO. “By combining the leading edge functionality of FX Power Trader, Integral’s new retail managed service offering, with the market leading liquidity of Barclays Capital, the bank and its broker partners will enjoy the best of all worlds, with no upfront capital investment.” he added.

The first partner institution to take advantage of the new offering is Barclays Wealth with its FX on BARX platform. The service was launched earlier this month under the Barclays Stockbrokers brand to its private client base.

"White Label" eFX technology lets major banks like Barclays tailor applications for its own business units, correspondent banks, brokers and now retail clients, to manage FX trading efficiently without significant new investment in resources. The Integral technology is delivered as a managed service that lets users launch trading services quickly and efficiently.

 

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