It has been an interesting year for options traders. In January, 360T launched its UK-based multilateral trading facility (MTF), supporting FX options as well as swaps, non-deliverable swaps, forwards and non-deliverable forwards, while in October, OptAxe announced it had received Financial Conduct Authority (FCA) authorisation to operate an MTF for axe-driven FX options trading.
“With FX options transaction costs currently running 2.4 times higher than peer markets, the push toward more centralised, transparent trading platforms addresses a clear market need,” says Alvin Chopra, chief operating officer and co-founder of SpectrAxe.
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