Integral swoops on IFS

TECHNOLOGY NEWS

DUBLIN -- US-based technology firm Integral has bought IFS, which went into receivership last year.

The move means IFS’s flagship product -- the MarginMan collateralised FX trading system, in use at FX giants such as UBS Warburg and Deutsche Bank -- will be migrated onto the Integral Financial Server, which manages transactions in FX, money markets and derivatives. However, MarginMan will still be available to clients as a standalone solution, said Jim Duffy, IFS chairman in Dublin.

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