Features : FX Options enhancing the pricing and execution experience of
As advances in technology have meant that trading in vanilla FX
options and structures is being more widely adopted, Frances
Maguire looks at how pricing and execution on electronic platforms
are now being enhanced.
It was with some incredulity that Mark Suter, CEO of the first
electronic multibank FX options platform, Digital Vega, read the
definition of a Swap Execution Facility (SEF) produced by the US
regulator in 2010, because a SEF is exactly what he and his
business partner had just built. "So theoretically we are almost
compliant involuntarily, but the devil will be in the details,"
Suter adds, much of which the industry is still awaiting.
However, the likelihood is that, along with clearing, FX options
will have to be traded electronically and even as the industry
awaits the final definition of a SEF, it is gearing up for a move
to electronic trading.
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