Eight pilot SurfaceExchange FX derivatives platform
SurfaceExchange is piloting its anonymous foreign exchange derivatives trading platform with eight traders and plans to go live at the end of the first quarter.
Evgeni Mitkov, chief executive at SurfaceExchange in Greenwich, Connecticut said the pilot group consists of two tier-one banks, two tier-two banks, two hedge funds and two exchange-based market-makers. The platform is among a growing pool of vendors that are targeting requirements for transparency in the foreign exchange options markets
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