Source: Digital Vega
Digital Vega, the leading FX Options e-trading platform and provider of FX Options trading solutions, today announced that Standard Chartered Bank has become a Liquidity Provider (LP) on its Medusa trading platform.
Standard Chartered has a unique global footprint, actively trading over 100 currencies and pricing an unparalleled range of emerging markets and G10 currencies. The addition of Standard Chartered adds broader liquidity to the Medusa platform, which is the market leader in automated FX Options trading.
“As more of our clients adopt electronic trading it is important that we serve them via their preferred channels on a global basis, which includes Digital Vega’s Medusa platform. This is particularly important as we continue to grow our FX Options business,” said Alex Axentiev, Managing Director at Standard Chartered. “We have been impressed with Digital Vega’s platform from the outset and look forward to continuing our close working relationship in the future.”
“The FX Options market continues to migrate to electronic trading channels, with the pace of change accelerating, due to regulation, transparency and increased efficiency. Clients are increasingly asking for help to evidence best execution, and as the leading multi dealer platform, we are able to do just that,” said Mark Suter, Executive Chairman of Digital Vega.
He added, “We are delighted that Standard Chartered has joined Medusa, bringing a strength and depth in emerging markets to our clients, and we look forward to working with them on our FX Options platform, and a range of planned new services.”
Contributed | what does this mean?