Digital Vega to add non-deliverable options to Medusa

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Foreign exchange options trading platform provider Digital Vega is testing non-deliverable options (NDOs) on its Medusa platform, in anticipation of more FX products moving to financial rather than physical settlement.

Unlike non-deliverable forwards (NDFs), FX options are not widely traded in a non-deliverable format, but some industry observers have suggested the challenges associated with central clearing of physically settled FX products could drive greater interest in non-deliverable

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