Deutsche Börse takes stake in FX Options Platform Digital Vega – start of a trend?


Deutsche Börse is taking stakes in the fledging FX Options platform Digital Vega.

I commented a while ago about the number of new potential SEF compliant FX options platforms that were being launched, amongst them Digital Vega and SurfaceExchange.

So, I guess Deutsche Börse is taking a ‘punt’ on Digital Vega (developed by WorldFlow) being a winner in the post SEF world of FX Options. They are paying a ‘US dollar amount in the single digit million range’.

State Street’s Global Markets e-Exchange business is also taking a stake along side Deutsche Börse.

Exchanges are logical buyers of SEF designated execution venues, so I guess this will not not be the last such deal.

more in FT here

3 Responses

  1. […] is joining what will soon become a crowded market for multi bank FX Options platforms, as mentioned here and here. Share this:EmailDiggStumbleUponTwitterFacebookPrintLinkedInLike this:LikeBe the first to […]

  2. Alicia Hendswell just published her top exchanges.

  3. […] options, fall under the Dodd Frank SEF mandate, and SurfaceExchange and other options platforms have been designed to be compliant with the emerging regulataory […]

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