PALO ALTO, Calif.--(BUSINESS WIRE)--Integral Development Corp. (www.integral.com), a leading platform for FX market participants, announced today that Richard K. Farrell has joined the firm as Managing Director, Business Development/Sales. Farrell is reporting to Harpal Sandhu, CEO, and Jon Barker, Global Head of Sales, and is a member of the firm’s executive team. Based out of New York, Farrell will oversee efforts to expand Integral’s offerings into additional customer segments and business models.
“From the moment Rich and I sat down to talk about how to best serve customers in the FX market, I knew he would be an excellent addition to our executive team,” said Harpal Sandhu, CEO, Integral Development Corp. “Working together will be very exciting and will accelerate the value we bring to the market. The combination of his unique knowledge and skills and Integral’s ecosystem of world-class customers is unmatched in the industry.”
Said Richard Farrell: “While I was familiar with Integral’s general success in the market, the chance to create significant opportunity for customers became immediately clear when I met with the team and realized the potential of FX Grid®. I look forward to expanding the platform and introducing that value to additional customers segments.”
“Rich is one of the most experienced sales executives in FX platforms,” added Jon Barker, Global Head of Sales, Integral Development Corp. “His in-depth knowledge of complementary markets and business models will greatly enhance our momentum. I welcome him to our team and I am looking forward to his valuable contributions.”
Farrell joins from State Street Global Markets/Currenex where he was Senior Managing Director, Head of Global Sales for E Exchange. Before that, he worked at Moody’s KMV (analytics and research products) where as Managing Director, Head of Global Sales and Marketing, he forged a new cultural identity out of multiple recent acquisitions. He also worked at Reuters Americas where as Senior Vice President Major Accounts, he built a beachhead business around “open systems”. Farrell holds a BA in Economics from the City University of New York at Brooklyn College, Brooklyn, NY.
Integral Development Corp., a leading service provider to FX market participants, develops and operates FX Grid®, a global multi-sided trading network connecting active market participants with all major sources of FX liquidity. Integral's business model supports all FX market participants with the solutions to build their own private FX exchanges, and to deliver branded trading services to their clients. FX Grid connects all segments of foreign exchange including retail and institutional brokers, banks, investment and asset managers and professional trading firms. Founded in 1993, Integral maintains development, support, and sales offices in Palo Alto, New York, London, Tokyo, Singapore, Hong Kong, and Bangalore. For more information, visit www.integral.com. © 2014 Integral Development Corp. All rights reserved. Integral technology is protected under U.S. Patent Nos. 6,347,307 B1; 7,882,011 B2 and 8,417,622 B2, patent pending applications and related intellectual property.