Thomson Reuters Doubles up its FX Options Acquisitions, Buys SigmaGenix
Monday,19/08/2013|18:50GMTby
Adil Siddiqui
Thomson Reuters has made its second acquisition of a FX Options specialist in two consecutive months as the firm highlights its commitment to the ever-growing FX Options space. The firm purchased SigmaGenix for an undisclosed amount.
Thomson Reuters extends its coverage in the words most liquid asset class with news of its latest acquisition. The firm announced its acquisition of SigmaGenix a leading development firm of FX and options Risk Management systems that was founded by Jeremy Gelber.
SigmaGenix, a start-up firm that was established in 2011 is part of a pact of technology and risk providers to the growing options industry. FX Options were typically traded through voice broking, however with the acceptance of e-trading during the turn of the century, especially in liquid asset classes such as FX, participants are shifting to platforms that offer streaming tradable prices.
The latest acquisition complements the firm’s purchase of Tradeweb’s FX Options business last month. Thomson Reuters offers a full suite of FX Options products through its FXall, Tradeweb and now SigmaGenix solutions. According to figures reported by BIS in 2010, FX Options make up an estimated 10% of spot volumes.
Phil Weisberg, global head of FX, Marketplaces, at Thomson Reuters spoke about the purchase in a statement, he commented: “With the addition of SigmaGenix, Thomson Reuters is increasing its on-going commitment to the interbank wholesale options community."
“We are committed to investing in this space through the right talent, expertise and trade analytics that SigmaGenix have built, which are second to none. Adding someone with Jeremy’s industry experience – on both the buy and sell-side – gives us unique insight into client needs in the FX options space where we expect the pace of change to accelerate. SigmaGenix’s intellectual property augments analytics available in Eikon as well as our transactional capabilities in Dealing and FXall which were accelerated by our recent acquisition of Tradeweb’s FX Options business and precedes the imminent launch of our SEF.”
Mr Gelber will continue with Thomson Reuters as global head of FX Options, reporting to Phil Weisberg, global head of FX, Marketplaces. Mr Gelber has over 20 years of experience in the markets trading FX options, his previous roles have included portfolio manager at; Soros Fund Management, BlueCrest Capital Management and London Diversified Fund Management.
Phil Weisberg, global head of FX, Marketplaces, at Thomson Reuters
“The pace of evolution towards electronic trading in the FX options community is on the increase,” said Jeremy Gelber, global head of FX Options, Marketplaces, Thomson Reuters. “I am looking forward to partnering with the options community to innovate and deliver more value to this market.”
FX Options are expected to experience further growth as more buy-side members take advantage of Liquidity and trading portals. Mr Weisberg concluded in a comment to Forex Magnates: “We expect the pace of innovation in FX options to accelerate and wanted to supplement our expertise in this area. With on-going regulatory changes, we foresee additional opportunities to serve our customers as the options market becomes increasingly electronic and more fully integrated into the existing workflows of both the buy and sell-side.”
Thomson Reuters does not disclose FX Options volumes.
Thomson Reuters extends its coverage in the words most liquid asset class with news of its latest acquisition. The firm announced its acquisition of SigmaGenix a leading development firm of FX and options Risk Management systems that was founded by Jeremy Gelber.
SigmaGenix, a start-up firm that was established in 2011 is part of a pact of technology and risk providers to the growing options industry. FX Options were typically traded through voice broking, however with the acceptance of e-trading during the turn of the century, especially in liquid asset classes such as FX, participants are shifting to platforms that offer streaming tradable prices.
The latest acquisition complements the firm’s purchase of Tradeweb’s FX Options business last month. Thomson Reuters offers a full suite of FX Options products through its FXall, Tradeweb and now SigmaGenix solutions. According to figures reported by BIS in 2010, FX Options make up an estimated 10% of spot volumes.
Phil Weisberg, global head of FX, Marketplaces, at Thomson Reuters spoke about the purchase in a statement, he commented: “With the addition of SigmaGenix, Thomson Reuters is increasing its on-going commitment to the interbank wholesale options community."
“We are committed to investing in this space through the right talent, expertise and trade analytics that SigmaGenix have built, which are second to none. Adding someone with Jeremy’s industry experience – on both the buy and sell-side – gives us unique insight into client needs in the FX options space where we expect the pace of change to accelerate. SigmaGenix’s intellectual property augments analytics available in Eikon as well as our transactional capabilities in Dealing and FXall which were accelerated by our recent acquisition of Tradeweb’s FX Options business and precedes the imminent launch of our SEF.”
Mr Gelber will continue with Thomson Reuters as global head of FX Options, reporting to Phil Weisberg, global head of FX, Marketplaces. Mr Gelber has over 20 years of experience in the markets trading FX options, his previous roles have included portfolio manager at; Soros Fund Management, BlueCrest Capital Management and London Diversified Fund Management.
Phil Weisberg, global head of FX, Marketplaces, at Thomson Reuters
“The pace of evolution towards electronic trading in the FX options community is on the increase,” said Jeremy Gelber, global head of FX Options, Marketplaces, Thomson Reuters. “I am looking forward to partnering with the options community to innovate and deliver more value to this market.”
FX Options are expected to experience further growth as more buy-side members take advantage of Liquidity and trading portals. Mr Weisberg concluded in a comment to Forex Magnates: “We expect the pace of innovation in FX options to accelerate and wanted to supplement our expertise in this area. With on-going regulatory changes, we foresee additional opportunities to serve our customers as the options market becomes increasingly electronic and more fully integrated into the existing workflows of both the buy and sell-side.”
Thomson Reuters does not disclose FX Options volumes.
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As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
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As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
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This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
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Speakers:
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-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
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Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
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This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
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Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
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When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
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-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
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Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
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As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
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Mind The Gap: Can Retail Investors Save the UK Stock Market?
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As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
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🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
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