The FX Options trading platform is aimed at Singapore’s institutional forex market.
SynOption Pte.Ltd., a start-up based in Singapore, announced this week that it has launched a Trading Platform for electronic foreign exchange (forex) options.
According to a statement released by the company, SynOption is the first firm to be approved by Singapore’s regulator, the Monetary Authority of Singapore (MAS), to establish and operate an organized market for a 9-month period under the Sandbox express framework.
SynOption has also been awarded a grant from the watchdog’s Financial Sector Development fund as a designated special project, the company highlighted in the statement.
The trading platform is for the institutional FX market. It allows investors to execute FX Options trades by requesting quotes for numerous banks on a centralized venue. Already, SynOption has started onboarding institutional clients based in Singapore.
According to the company, it has made good traction in the city-state so far. Furthermore, the platform has signed up top-tiered banks and Liquidity providers, with the firm actively looking to expand its participant base in the coming months.
The founder of the start-up is Anchal Jain, a veteran in the FX Options markets. During his career, he has been employed as a banker. Namely, he was Managing Director at JPMorgan Chase Bank. In this role, he managed the bank’s FX Options business in Asia. He also worked as a Hedge Fund Portfolio Manager with Balyasny Asset Management.
FX Options market has lagged behind
Commenting on the new trading platform, Jain said in the statement: “SynOption attempts to build a fair platform for trade execution for all participants in the niche FX Options market. We provide an efficient workflow to clients, by getting involved in their entire investment process from idea to implementation, while protecting liquidity for banks in an illiquid space."
“In a world where electronic trading now dominates most linear products, the FX Options market has lagged behind primarily due to the complexity of the product. Leveraging on our experience, we are trying to create an intuitive product that will make the electronification journey easier."
“We intend to increase the scope of product and geographical reach as we gain more of a foothold in Singapore, and for that reason we continue to look for talented individuals to join us in our journey.”
SynOption Pte.Ltd., a start-up based in Singapore, announced this week that it has launched a Trading Platform for electronic foreign exchange (forex) options.
According to a statement released by the company, SynOption is the first firm to be approved by Singapore’s regulator, the Monetary Authority of Singapore (MAS), to establish and operate an organized market for a 9-month period under the Sandbox express framework.
SynOption has also been awarded a grant from the watchdog’s Financial Sector Development fund as a designated special project, the company highlighted in the statement.
The trading platform is for the institutional FX market. It allows investors to execute FX Options trades by requesting quotes for numerous banks on a centralized venue. Already, SynOption has started onboarding institutional clients based in Singapore.
According to the company, it has made good traction in the city-state so far. Furthermore, the platform has signed up top-tiered banks and Liquidity providers, with the firm actively looking to expand its participant base in the coming months.
The founder of the start-up is Anchal Jain, a veteran in the FX Options markets. During his career, he has been employed as a banker. Namely, he was Managing Director at JPMorgan Chase Bank. In this role, he managed the bank’s FX Options business in Asia. He also worked as a Hedge Fund Portfolio Manager with Balyasny Asset Management.
FX Options market has lagged behind
Commenting on the new trading platform, Jain said in the statement: “SynOption attempts to build a fair platform for trade execution for all participants in the niche FX Options market. We provide an efficient workflow to clients, by getting involved in their entire investment process from idea to implementation, while protecting liquidity for banks in an illiquid space."
“In a world where electronic trading now dominates most linear products, the FX Options market has lagged behind primarily due to the complexity of the product. Leveraging on our experience, we are trying to create an intuitive product that will make the electronification journey easier."
“We intend to increase the scope of product and geographical reach as we gain more of a foothold in Singapore, and for that reason we continue to look for talented individuals to join us in our journey.”
Devexperts Teams Up with nuam Exchange to Boost Equity and Derivatives Trading
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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