Digital Vega, the FX Options e-trading platform and provider of FX Options trading solutions, announced today (Tuesday) that its service is now integrated with FactSet’s FX execution management system, Portware.

Expanding Reach with Integration

This integration will expand Digital Vega’s distribution and client base. FactSet will now be able to offer FX Options in addition to its existing coverage of Fixed Income, Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, Futures, and FX.

The move towards regulation and efficiency is driving increased automation in FX Options workflows. This automation is leading to a rise in electronic trading volumes. Asset Managers are seeking to enhance workflow efficiencies and are increasingly utilizing electronic trading for FX Options alongside other asset classes.

“Growing regulatory pressure and increasing competition is driving demand for more automated and efficient solutions. By partnering with FactSet we are able to extend our coverage to large Asset Managers, which will deepen liquidity for the benefit of all our clients."

"We are fortunate to be recognised as a leader in our field, and as a specialist provider of FX Options technology we have successfully automated some of the most complex trading workflows. We look forward to continuing our collaboration with FactSet," said Mark Suter, Executive Chairman and Co-Founder, Digital Vega.

FactSet leverages Digital Vega partnership to expand into FX optionshttps://t.co/zqFZNYoF05

— The TRADE News (@theTRADEnews) June 25, 2024

FX Options Automation

FactSet’s Portware platform offers Asset Managers a unified method of execution across various assets. It combines deep liquidity with high levels of automation Automation Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Read this Term. By integrating with Digital Vega, clients can automate complex FX Options workflows and access pricing for a wide range of currencies from a large group of Liquidity Providers.

John Marchese, Head of FX Sales at FactSet commented, “As the FX Options market has become increasingly electronic, we wanted to work with a best-in-class e-FX Options provider in that market. Adding FX Options to Portware was a logical decision, which will provide our clients with high levels of workflow automation by our EMS, combined with a deep pool of liquidity from Digital Vega.”