SpectrAxe fires up OTC FX options Clob
Go-live marks first electronic all-to-all venue for buy-siders trading the instruments
SpectrAxe has gone live with the first central limit order book (Clob) to facilitate all-to-all trading for over-the-counter FX options.
The venue enables hedge funds to trade anonymously with other hedge funds, proprietary trading firms, regional banks and market-makers via their FX prime broker (FXPB) relationships on a lit marketplace.
It is the first electronic Clob trading platform for OTC FX options, an area of the market that remains heavily reliant on voice- and chat-based execution or
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@fx-markets.com or view our subscription options here: https://subscriptions.fx-markets.com
You are currently unable to print this content. Please contact info@fx-markets.com to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@fx-markets.com
More on Infrastructure
Market-makers seek answers about CME’s cloud move
Silence on data centre changes fuels speculation over how new matching engine will handle orders
FX options API trading takes off at quant hedge funds
Systematic players behind surge in direct execution, say dealers
FXSpotStream expands into US Treasuries trading
Bank-owned streaming venue targets mid-year launch, offering “all you can eat” subscription fees
Why FX liquidity is harder to read than ever
A breakdown of FX execution methods shows how liquidity is truly formed, writes Isomiq's Jamie Rose
SpectrAxe steps into FX forwards and swaps
US regulatory filings show options Clob is expanding into linear instruments
How JPM AM swapped platforms for pipes
Asset manager wanted to cut FX venues – and their fees – out of dealer relationships. Now, it only trades direct
FXGO volumes surge despite fee introduction
Dealers split on whether levy is behind volume increases across SDPs
Does crypto really need T+0 for everything?
Instant settlement brings its own risks but doesn’t need to be the default, writes BridgePort’s Soriano