FX Options

New service provides a reliable reference for FX Volatility

Tradition-ICAP, the world's leading voice broker and electronic platform for the trading of interdealer currency options, today announced the launch of its new daily Volatility Fixing service Vol-Fix. This service provides an independent and reliable market data reference point to help create a fully tradable asset class for trading volatility for the first time.

Digital Vega first trading platform on the service with support of FX Prime Brokers Citigroup and Morgan Stanley                                              

Provides Faster Pricing Simultaneously From Multiple Dealers

Tradeweb Markets LLC announced the introduction of an electronic, multi- dealer-to-customer trading platform for FX options. This is the fourth derivatives marketplace to have been launched by Tradeweb since 2005. The new platform enables options trading on major currencies and allows buy-side investors to request quotes from several dealers simultaneously. Participants also benefit from integrated trade processing and post-trade reporting.

New York hedge fund chooses GFI market-leading system for FX Options 

New York’s Hap Capital has licensed FENICS® Professional Pricing and Analytics Tools from GFI Group, Inc. (NYSE: GFIG) for use on Hap Capital’s FX Options Desk in New York City.

- Latest Release of the Misys Confirmation Matching Service Helps Banks Respond to Regulatory Demands

Version 5.5 of Misys Summit FT expands asset coverage, functional depth and technology platforms for lower TCO

Availability of MT306 for Banks and Counterparties Will Improve Efficiency and Reduce Risk

Misys plc (LSE: MSY), the global application software and services company, today announces it has extended its Confirmation Matching Service (CMS) to include MT306 messages for matching Exotic FX Options. This extended capability within Misys' market-leading matching engine enables the buy-side counterparties to benefit from increased automation and improved risk management, whilst also reducing manual processes executed by banks.

Option Computers Ltd (OCL), the leading global provider of STP and connectivity feed handling software to the FX markets, has extended their portfolio of products to include DealHub/Conductor, a routing service to settlement and central counterparty clearing services. This is part of the visionary Back to Front approach which allows many back-offices services to be performed immediately upon deal capture.

Wall Street Systems (Wallstreet), the global provider of treasury, trading and settlement solutions and services, today announced that Bank Leumi Tel Aviv has gone live with Wallstreet FX options functionality, a sophisticated integrated platform that supports high volume trade processing and volume growth. Bank Leumi is one of the top two $/ILS price providers in the local Tel Aviv marketplace and is using Wallstreet FX to support its processing of over 5,000 vanilla, exotic and non-deliverable options.

Options on New Zealand dollar, Mexican peso and Swedish krona Now Available

The International Securities Exchange (ISE) today announced that it has expanded its suite of ISE FX Options® with the launch of three new currency pairs. Options on the New Zealand dollar (Symbol: NZD), Mexican peso (Symbol: PZO) and Swedish krona (Symbol: SKA) began trading on August 3, 2009. Timber Hill is the Primary Market Maker for these new products.