Multi-bank options platforms: the vision versus the reality
The past six months have seen a flurry of brokers and software vendors developing multi-bank foreign exchange options platforms to bring automation to the last remaining manual portion of the FX market. But behind the excitement of the new ventures, they face a number of challenges to effectively automate options processing.
From disparate price streaming feeds to a general reticence on the part of banks to embrace the platforms, entities such as Digital Vega, GFI Fenics, Alpari, SurfacExchange
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