Digital Vega, the FX Options trading solutions provider, announced a strategic partnership with Singapore-based trading platform 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 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.”
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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.