SpectrAxe fires up OTC FX options Clob

SpectrAxe
has
gone
live
with
the
first
central
limit
order
book
(Clob)
to
facilitate
all-to-all
trading
for
over-the-counter
FX
options.

The
venue
enables
hedge
funds
to
trade
anonymously
with
other
hedge
funds,
proprietary
trading
firms,
regional
banks
and
market-makers
via
their
FX
prime
broker
(FXPB)
relationships
on
a
lit
marketplace.

It
is
the
first
electronic
Clob
trading
platform
for
OTC
FX
options,
an
area
of
the
market
that
remains
heavily
reliant
on
voice-
and
chat-based
execution
or