News Overview
The Full FX Unfiltered
January 2025- With FX options market structure changes continuing, Colin Lambert sits down with Mark Suter, executive chair of Digital Vega, which recently received investment from Citi, to discuss what was happening in the space. To read the full interview click here.
Citi Announces Strategic Investment in Digital Vega
December 2024- Digital Vega are pleased to announce that Citi have made a strategic investment in Digital Vega.
As the FX options market continues to shift from traditional voice-based trading to more modern, electronic channels, banks and buy-side firms seek modern and innovative services to automate trading workflows.
Ayesa Latif, Head of FX Products at Citi, said, “As a global leader in FX markets, our investment in Digital Vega underscores our commitment to providing clients with unique technology solutions that complement our existing offering on our award-winning platform, Citi Velocity. This investment aligns with our vision to further automate and invest in the electronification of FX markets.” To find out more click here.
The World’s Best Venue for FX Options
September 2024- For the second year in a row, Digital Vega has been voted as ‘the World’s Best Venue for FX Options’ by Euromoney Foreign Exchange awards 2024. As ever, we remain hugely grateful to all of our partners, clients, providers and the exceptional DV Team! Every year we grow from strength to strength by listening to client feedback, keeping up to date with market regulation and building our capabilities based on client requests.
FX Options on the CME
September 2024- Eligible Contract Participants (ECPs) can now negotiate and trade blocks of CME Group FX options via Digital Vega’s market leading OTC FX options platform, Medusa. To see a demo of this click here.
NCFX FX Options Cut
September 2024- The NCFX FX Spot mid-rate benchmarks are being increasingly adopted as the benchmark rate for the clearing and determination of automated FX option expiries. In the complex landscape of FX markets, where reaching consensus on market clearing rates can be challenging, a robust and transparent benchmark is essential. The NCFX FX Options Cut represent a special use case for benchmarks, given the decentralized nature of FX trading. To read more click here.
Digital Vega + the CME
September 2024- Closer links between OTC and listed FX options markets are being established with the launch of the long-awaited service that allows users of Digital Vega’s Medusa platform to request quotes and trades blocks on CME’s FX options on futures contracts. To find out more click here.
Best Venue for FX Options
July 2024- We are delighted to be recognised as "Best Venue for Options" in FX Markets e-FX Awards 2024, for the fifth year in a row! A big thank you to all our clients, Liquidity Providers and amazing team.
Digital Vega partners with Factset
June 2024- We are pleased to announce that our services have been integrated with FactSet’s FX execution management system, Portware. This collaboration adds to Digital Vega’s distribution and client base, while enabling FactSet to extend its product coverage to include FX Options, in addition to Fixed Income, Equities, Futures, and FX. To find out more click here.
Winner in Asia
March 2024- Digital Vega has only been present in Asia for 3 years and we are immensely proud to have gained such recognition in so short a time. This is a real testament to the team and we must also thank our partners at Spark in Singapore for their invaluable assistance. There is so much more for us to do in Asia and we already working to increase our presence in Singapore.
Another award!!
March 2024- Digital Vega are honoured to have made ‘The Most Influential Financial Technology Firms’ list for 2024, as voted for by Harrington Star. This is testament to the outstanding work DV and the team have accomplished over the past 12 months.
February 2024- A fantastic interview with Collin Lambert on the full FX. For the full interview click here :
Winner Winner
September 2023- Honoured and delighted to be recognised as Best Platform for FX Options at last night’s marvellous Euromoney Foreign Exchange Awards dinner. As ever, we remain hugely grateful to all of our partners, clients, providers and the ever patient DV Team!
Best venue for Options
June 2023 - We are delighted to once again be recognised as the 'Best Venue for Options'. This latest e-FX award makes it 4 years in a row. Read the full article here.
Many thanks to our clients, Liquidity Providers and industry partners for their continued support and to FX Markets for recognising us at last night's ceremony.
Digital Vega + CME
June 2023- Digital Vega are excited to be partnering with CME to provide clients with a fully automated FX option block trading service, allowing seamless pricing, execution, and reporting of cleared FX options. To find out more click here.
Digital Vega + Workflow Automation
April 2023 - Many thanks to Harrington Starr for including us in "The Most Influential FinTech Firms for 2023". Digital Vega is featured on page 64 of the magazine, writing about the importance of workflow automation.
"As we extend the functionality of our FX Options trading platforms, our clients and Liquidity Providers increasingly request services which automate manual, repetitive, and time-consuming tasks, such as data entry, processing, and reporting."
Read here - https://lnkd.in/gXQxpRPF
Three years running- Digital Vega voted best Venue for FX Options
June 2022
We are delighted to be recognised as "Best Venue for Options" in FX Markets e-FX Awards 2022, for the third year in a row! Since 2011, Digital Vega has evolved from a small start-up in London providing vanilla FXO execution services to a global player delivering innovative pricing, execution and workflow solutions across the whole FX derivative ecosystem. In the last 12 months we have:
· Launched aggregated, executable liquidity in Target Profit Forwards
· Fully automated the FXO expiry workflow
· Developed a brand-new fully electronic Interdealer FX Option Order Book
· Launched a liquidity optimisation algo
· Piloted the first FX Option VWAP execution algo
· Developed Hydra Workflow; a next generation internal/external pricing and trade workflow solution for major banks including DCD pricing and hedging
We will continue to focus on developing innovative, new solutions, automation of legacy manual processes and maintaining a class-leading level of customer service. We would like to take the opportunity to say a big thank you to our clients, liquidity providers and partners for your continued support and to all our talented team for their brilliant work.
Record Month for traded Volumes on Digital Vega !
May 2022- Digital Vega are overwhelmed with the record volumes traded in April 2022, leading to their busiest month on record to date. Market volatility coupled with new clients being onboarded has led to a brilliant month for the teams in EMEA, Asia and the US. With a further 55 clients to be onboarded in May, month on month growth looks to be a trend for this year. To find out more email: laura.winkler@digitalvega.com for our April Liquidity Report.
Digital Vega and Trade Tech Miami 2022
February 2022
Team Digital Vega had the pleasure of attending Trade Tech Miami 2022. This event saw a fantastic turn out of delegates from all over the world! With Digital Vega’s growing footprint in the USA; this was a great opportunity to meet our new and old friends and clients.
Digital Vega will be a guest panel member at this year’s Trade Tech Europe in Amsterdam , which will be hosted in September. With the CLOB and other products going live imminently, Digital Vega has a busy few months ahead. We look forward to keeping you updated with our latest news and updates.
We are hugely honoured to be recognised as "Best Venue for Options" in FX Markets e-FX Awards 2021, for the second year in a row!
August 2021: We would like to take the opportunity to say a big thank you to our clients and liquidity providers for your continued support and to all of our wonderfully talented team for their brilliant work throughout these challenging times
Over the last 2 years Digital Vega has been completely transformed; growing from a small team in London providing vanilla FXO execution services to a global player working across the whole FX derivative ecosystem. We have partnered with Spark Systems in Singapore to deliver best of breed liquidity across all FX products; launched aggregated, executable liquidity in Structured Products; developed a brand new Interdealer FXO CLOB and most recently, Hydra Workflow, a next generation internal/external pricing and trade workflow solution for banks; we have been very busy!
We will continue to focus on developing innovative new solutions and the automation of legacy manual processes.
Thank you finally to FX Markets for giving us the opportunity to shine.
To find out about other winners and the FXWeek Awards please click here.
Another Box Ticked!
June 2021- FX Option Multi-legs are live on Medusa EVO! Medusa EVO will support multi-leg indicative pricing and execution. Users will have the ability to request pricing of up to 10 legs. To find out more please contact us below.
Spark Systems Partnership
JANUARY 2021: Digital Vega and Spark Systems partner to offer Best of Breed FX Trading Solution. The partnership between Digital Vega and Spark Systems is in response to demand from a broad group of buy and sell--side users who are looking to access the market using complimentary FX trading technology solutions.
Medusa Evo
DECEMBER 2020: Digital Vega's award winning Medusa platform has now been enhanced, reimagined and turbocharged. Even more intuitive and faster, Medusa EVO is live today.
Thank you to the team for all your hard work.
News Archive
September 2020: FX Weeks Winners Hugely honoured to be recognised as "Best ECN/MDP for Options" in FX Markets e-FX Awards 2020. - READ MORE
July 2020: How Covid-19 exposed the fragility of FX options liquidity - READ HERE
May 2020: Five’s company, six is a crowd: the optimum number of RFQs for FX options trades with a little game theory- FIND OUT MORE
June 2020: Digital Vega Rolls Out Hydra Exotics- FIND OUT MORE
January 2020: Digital Vega Continues Expanding Ahead of 2020 Launches - READ HERE
October 2019: Digital Vega makes three senior hires- Find out more