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.