Trading volumes on FXCM’s proprietary FX options platform, DCX, have skyrocketed as market participants feel confident in recent regulatory changes, enhancements in platform functionality and market volatility.
Automation in the FX options sector topped with new regulatory guidelines has been driving trading activity in FX options. Recent entrant to the world of FX options trading solutions, DCX, a joint venture between FXCM and SuperDerivatives has announced strong growth in trading volumes.
The clear direction of what asset classes are classified under the new Dodd Frank rulings has pushed the bar in FX options trading activity at DCX. The firm saw a spike in activity in 2013. Since January this year, the portal has seen a 367% hike in volumes. The platform allows users to issue RFQs which give exchange-like features to the derivatives environment, requirements necessary under Dodd Frank.
Anoushka Hampton, Global Head FX Options Sales at FXCM, spoke about the bullish news in a statement: “The growth in volumes on DCX is a clear indication that the anonymous nature of the platform has a great appeal to a particular segment of the market. Liquidity begets liquidity, and the return of volatility and clarity around the new regulations should boost the market going into 2014.”
DCX, launched in July 2011, has been the first trading platform that adheres to SEF rules for FX options, under the guidelines administered by the United States’ Dodd Frank Wall Street Reform and Consumer Protection Act. DCX sources liquidity from multiple providers. The new act aims to create an efficient and transparent marketplace, thus giving users accessibility to many participants. The official legislation states: “Facility, trading system or platform in which multiple participants have the ability to execute or trade, swaps by accepting bids and offers made by other participants that are open to multiple participants in the facility or system, through any means of interstate commerce.”
Stephen Baker, Head of Sales & Support, EMEA, at SuperDerivatives, commented in the official press briefing: “The focus on regulatory changes and transparency has laid the groundwork for a major boost in electronic trading. The multi-dealer FX options market is an increasingly competitive space and there have been some significant developments in recent weeks, so it will be interesting to see how the market landscape evolves over the next two years."
Thomson Reuters went on a 'FX options' shopping spree this summer. The leading data and technology provider for financial markets purchased FX solutions in two consecutive months. It purchased Tradeweb’s FX options division in July, followed by Risk Management provider SigmaGenix in August 2013.
SuperDerivatives offers a range of solutions in the FX markets. The firm offers its proprietary trading platforms; DCX and SDX. In the news this week, Rabobank deployed SuperDerivatives’ SDX platform to improve its FX trading infrastructure.
FX options are expected to overtake FX Forwards for risk management and hedging purposes, the on-going developments in automated trading and regulation are boosting currency options as a viable hedging tool. In vanilla currency options, the maximum risk that a holder can lose is the option premium.
Mr Baker concluded in a comment to Forex Magnates: "It has been clear for many years that the market was moving towards electronic trading, with numerous regulatory, efficiency, transparency and cost benefits. We fully support the move to e-trading and feel it is in the best interests of all market participants, giving them access to liquidity, better price discovery, more certainty, post-trade transparency and full STP."
Automation in the FX options sector topped with new regulatory guidelines has been driving trading activity in FX options. Recent entrant to the world of FX options trading solutions, DCX, a joint venture between FXCM and SuperDerivatives has announced strong growth in trading volumes.
The clear direction of what asset classes are classified under the new Dodd Frank rulings has pushed the bar in FX options trading activity at DCX. The firm saw a spike in activity in 2013. Since January this year, the portal has seen a 367% hike in volumes. The platform allows users to issue RFQs which give exchange-like features to the derivatives environment, requirements necessary under Dodd Frank.
Anoushka Hampton, Global Head FX Options Sales at FXCM, spoke about the bullish news in a statement: “The growth in volumes on DCX is a clear indication that the anonymous nature of the platform has a great appeal to a particular segment of the market. Liquidity begets liquidity, and the return of volatility and clarity around the new regulations should boost the market going into 2014.”
DCX, launched in July 2011, has been the first trading platform that adheres to SEF rules for FX options, under the guidelines administered by the United States’ Dodd Frank Wall Street Reform and Consumer Protection Act. DCX sources liquidity from multiple providers. The new act aims to create an efficient and transparent marketplace, thus giving users accessibility to many participants. The official legislation states: “Facility, trading system or platform in which multiple participants have the ability to execute or trade, swaps by accepting bids and offers made by other participants that are open to multiple participants in the facility or system, through any means of interstate commerce.”
Stephen Baker, Head of Sales & Support, EMEA, at SuperDerivatives, commented in the official press briefing: “The focus on regulatory changes and transparency has laid the groundwork for a major boost in electronic trading. The multi-dealer FX options market is an increasingly competitive space and there have been some significant developments in recent weeks, so it will be interesting to see how the market landscape evolves over the next two years."
Thomson Reuters went on a 'FX options' shopping spree this summer. The leading data and technology provider for financial markets purchased FX solutions in two consecutive months. It purchased Tradeweb’s FX options division in July, followed by Risk Management provider SigmaGenix in August 2013.
SuperDerivatives offers a range of solutions in the FX markets. The firm offers its proprietary trading platforms; DCX and SDX. In the news this week, Rabobank deployed SuperDerivatives’ SDX platform to improve its FX trading infrastructure.
FX options are expected to overtake FX Forwards for risk management and hedging purposes, the on-going developments in automated trading and regulation are boosting currency options as a viable hedging tool. In vanilla currency options, the maximum risk that a holder can lose is the option premium.
Mr Baker concluded in a comment to Forex Magnates: "It has been clear for many years that the market was moving towards electronic trading, with numerous regulatory, efficiency, transparency and cost benefits. We fully support the move to e-trading and feel it is in the best interests of all market participants, giving them access to liquidity, better price discovery, more certainty, post-trade transparency and full STP."
EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation
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.
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
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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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
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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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.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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
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
Sandton Convention Center, Sandton, South Africa
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.
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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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.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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