D.Brse takes stake in UK currency options platform
By Philip Stafford at Financial Times Deutsche Brse has deepened
its move into the reshaped over-the-counter derivatives market
after buying a minority stake in a UK-based start-up currency
options platform. The German exchanges operators acquisition of a
minority stake in the small London-based Digital Vega for a US
dollar amount in the single digit million range is the first time
it has moved into the forex derivatives market. The move highlights
how exchanges are considering new areas of business created by the
wave of incoming regulation governing the over-the-counter (OTC)
derivatives markets in the US and Europe.