Digital Vega Collaborates with Spark Systems for FX Trading Platform

Digital Vega, the FX Options trading solutions provider, announced a strategic partnership with Singapore-based Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term developer, Spark Systems to offers its clients an efficient platform to trade FX Options, Spot, Forwards, NFD’s and Swaps.

According to an official announcement, Digital Vega is planning to create a best of breed FX trading platform in response to growing demand from a broad group of buy- and sell-side users who are looking to access the market using complementary FX trading technology solutions.

The company mentioned that inflexible trading platforms are being reviewed in the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term industry, and many traders prefer flexible and up-to-date trading platforms.

Commenting on the recent partnership, Mark Suter, Co-founder of Digital Vega, said: “In 2020 we have grown significantly in Asia, adding a Singapore office and extending our client relationships in the region. During this time, we were introduced to Spark Systems by a firm wanting a single platform to access the FX market. We identified significant synergies, as our services are complementary and help to address the growing demand for increased trading efficiency.”

Growing FX Demand

FX brokers and institutional trading platforms around the world reported significant volumes in 2020 due to the growing retail and institutional demand for forex-related products. The company plans to meet the growing demand through an efficient FX trading platform.

“Working in partnership with Digital Vega, we have a common goal to provide clients with a best of breed FX trading platform. As Singapore strengthens its position as APAC’s trading hub and FX trading continues to grow, we are seeing significant interest from financial institutions in the region for a holistic trading solution,” Jason Wang, COO at Spark Systems said in the official press release.

Founded in 2010, Digital Vega is headquartered in London. The company’s current list of clients includes Institutional Investors, Hedge Funds, Asset Managers, Agency Brokers, and Regional and Private Banks.