Integral Names Bambury CTO09.25.2018 By Rob Daly Editor-at-Large
Integral (www.integral.com), the technology partner trusted by leading banks, brokers, and asset managers to help them outperform their competition in the foreign exchange market, today announced the appointment of ex-ION Trading CEO Gavin Bambury as its Chief Technology Officer (CTO).
He brings more than two decades of trading and technology experience to his role at Integral. In addition to serving as both CEO and COO at ION Trading, Bambury has also held positions as global head of business re-engineering at Deutsche Bank and CTO of Fixed Income, Currency and Commodities (FICC) at Citigroup. Bambury will work in tandem with the Integral executive team to cement the firm’s position as the industry’s leading cloud-based eFX platform.
Commenting on his hire, Bambury said, “It is fantastic to be part of such an innovative company at the heart of the institutional FX market. As Integral continues to lead the way, I will look to provide a key strategic role in extending Integral’s lead in FX solutions for market participants.”
Harpal Sandhu, CEO of Integral, added: “Gavin is an amazingly talented designer, technologist and leader. I look forward to sharing our experiences of developing transformative products and working together to create the next generation of leading services for the FX market.”
Nearly all cleared activity is in non-deliverable forwards (NDFs).
CLSNet standardizes and centralizes post-trade processes across FX.
The two platforms will link trading workflows in emerging markets bonds and currency swaps.
FX clearing offers operational efficiencies and credit intermediation.
This is the first phase of implementing NDF and Spot Matching, and streaming relationship venues in Asia.