CME and Digital Vega to offer joint solution for block FX options

- By Cole Lipsky
- 13 Jul 2023

CME Group and Digital Vega are partnering on a project that will allow buy-side firms to use over-the-counter-style workflows to execute large, centrally cleared block foreign exchange options trades, which could help to broaden their counterparty relationships to include non-bank liquidity providers.

The tie-up will enable the buy side to lean on existing OTC relationships with dealers, via Digital Vega’s multi-bank request-for-quote platform Medusa, to trade block-sized listed FX options

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