SurfacExchange in acquisition talks
SurfacExchange, the independent multibank trading platform for FX options that went live in August 2011, is in acquisition talks with potential suitors, FX Week has learnt.
The news comes as competition intensifies between market infrastructure providers in the FX options market, ahead of G-20 driven reforms of over-the-counter derivatives markets that will ultimately require options to be cleared through central counterparties and traded on electronic platforms, where appropriate. Under the US
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