Multi-dealer options platform sees record growth
FX options traded on multi-dealer venues outstrip single-dealer platforms for the first time
Daily volumes on Medusa, Digital Vega's multi-dealer FX option platform, grew by 160% during 2014 as trading migrates away from single-dealer venues due to regulatory pressure.
Medusa did not reveal the numbers, but executive chairman Mark Suter says the platform, launched in 2010, has proved the multi-dealer electronic options model works and it has achieved critical mass.
Suter also referred to the Bank of England's semi-annual FX survey in April 2014, which shows option flows on multi-dealer
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