IEX firms up launch date for new options exchange
Launch is set to be completed by Q2 2026 and is expected to tackle risk management challenges faced in the options markets.
Launch is set to be completed by Q2 2026 and is expected to tackle risk management challenges faced in the options markets.
The functionality aims to reduce dependency on transactions via voice and chat messaging and allow clients to transmit electronic MBS requests anonymously.
The platform will combine derivatives product creation and offer real-time settlement of all derivative positions 24/7 with a sub-1-minute settlement.
The new options come amid increased interest in options due to US equity market exposure and volatility; Belvedere Trading will be the lead market maker.
The move will expand StoneX’s client base and provide greater access to liquidity across fixed income markets, said the firm.
Deal is expected to close in H2 2025; current co-CEOs Guy Rowcliffe and John Stewart will remain at OSTTRA and continue to lead the company.
IMC and CTC are also involved as co-investors; the investment is expected to provide greater market access and liquidity depth in the OTC FX options market.
The offering combines Amundi’s ALTO platform with Murex’s OTC front-to-back solution to meet evolving market demands.
Through leveraging CobaltFX’s Dynamic Credit process, the pair claim they can achieve more flexible and scalable client trade execution.
The move will see the firm become Guardian’s investment grade public fixed income asset manager, taking on the $45 billion investment grade public fixed income portfolio.