SpectrAxe fires up OTC FX options Clob
Go-live marks first electronic all-to-all venue for buy-siders trading the instruments
SpectrAxe has gone live with the first central limit order book (Clob) to facilitate all-to-all trading for over-the-counter FX options.
The venue enables hedge funds to trade anonymously with other hedge funds, proprietary trading firms, regional banks and market-makers via their FX prime broker (FXPB) relationships on a lit marketplace.
It is the first electronic Clob trading platform for OTC FX options, an area of the market that remains heavily reliant on voice- and chat-based execution or
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