Fenics to boost FX options offering as e-trading continues rise
Venue will offer streaming first-gen exotics pricing and is considering launching a Clob
Flush with cash following a recent spinoff, BGC Partners is looking to bolster its foreign exchange options platform Fenics Direct this year by adding streaming pricing for first-generation exotics.
The venue is targeting a 10-fold increase in average daily volume over five years with a new focus on the buy side, and is considering creating a central limit order book for options trading.
Competition in the FX options venue space has ramped up as electronic trading of the products continues to
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