SEF: FX Options – The Multibank Trading Platform Race
2012 saw a flurry of activity around multibank FX Option trading platforms which looks to continue into 2013. FXall, TradeWeb, GFI Direct (GFI Fenics), SurfacExchange, and Medusa (Digital Vega). Interesting, Medusa is integrated into the Traiana Harmony network. The drive of this FX Options activity: regulation 🙂 – specifically, swap execution facilities (Sef) under the US Dodd-Frank Act.