To build and deliver a successful global trading platform is a challenge that requires close collaboration with many market participants. We actively engage with both business and technology partners to ensure our services can reach the broadest range of clients globally.
We readily make our technology available to clients and provider banks to enable them to reduce the cost and effort of integration. Similarly, we work closely with providers of OMS and EMS platforms to enhance their support of FX Options.
Finally, core to our business model is leveraging our growing network of distribution partners. We actively support all of our distribution parters in the delivery of FX Options to their clients with both sales and technical assistance as well as with commercial incentives.
From the beginning we envisaged clients being able to access our services and trade through whichever vehicle or technology best suited their business needs. Or whatever was most convenient.
For clients who use FX Options as a core part of their investment business, they are be able to ‘connect’ directly to Digital Vega.
For those that use FX Options as a complementary asset class and would prefer to trade via an existing platform or another trading venue, we developed a range of API’s to make this possible.
Clients are able to access our services and add OTC FX Options to their internal trading platforms or trade FX Options on Digital Vega via venues such as other ECNs, SEFs, or even Bank Single Dealer Platforms.
State Street is a strategic investor in Digital Vega.
Currenex is a State Street subsidiary and a market-leading technology provider offering the FX community high-performance technology and deep pools of liquidity for anonymous and disclosed trade execution.
With the Currenex focus on cash FX and Digital Vega concentrating on OTC FX Options, our services are a natural fit and complement to each other.
We have now integrated with each other’s platforms.
If you are a Digital Vega client you can now trade Spot FX:
A Digital Vega client can now access Currenex liquidity and trade Spot FX with their Digital Vega banks. All from the Digital Vega app.
If you are a Currenex client you can now trade FX Options:
A Currenex client can now access market leading FX Options liquidity and trade FX Options. All from the Currenex app. All through a single sign-on.
FX Connect is a State Street subsidiary and a leading provider of FX trading and workflow automation requirements to the Asset Management community.
The FX Connect pre and post trade services, in particular the ‘allocations’ process have become an integral part of many fund manager’s daily workflow.
Digital Vega is aiming to become to FX Options what FX Connect is to spot and forward FX.
Digital Vega has implemented a range of pre and post trade allocations services that will allow full work flow automation.
Digital Vega has now integrated with the FX Connect platform.
If you are a FX Connect client you can now trade and manage FX Options allocations:
As a FX Connect client will be able to access market leading FX Options liquidity, manage allocations and trade FX Options.
All from the FX Connect app.
TradingScreen provides an execution management system with a global network to access any market, any counterparty and trade any financial instrument, anywhere. TradingScreen’s buy side workflow model provides real time interaction with global exchanges, multi-lateral trading facilities (MTFs), alternative trading systems (ATS) and over the counter (OTC) market-makers from a single access point through a single platform.
Digital Vega and TradingScreen share a very similar client demographic. Our combined products and services are extremely complementary.
Our partnership will add OTC FX Options to the already extensive product coverage of TradingScreen, enabling their clients to access market leading liquidity from Digital Vega as well as the wealth of supporting and STP services.
worldflow have been a technology partner from the get-go. worldflow software engineers developed the original Digital Vega platform and prior to going live, lead members of the team joined the company.
The close working relationship between Digital Vega and worldflow continues. worldflow are responsible for technical operations of our data centres as well as being the main integration partner for clients wishing to connect to our APIs.
worldflow is focused on front-office process change, across the Investment Banking, Brokerage, Hedge Fund and Real-Money Asset Managers sectors. worldflow deliver change, integration, systems implementation, green field builds and process upgrades. worldflow’s role at the client is to get the job done with minimal disruption.
worldflow are also the first financial services company to qualify for the Apple Consultants Network, and can help with management, software development and implementation across all of Apples products, including their Connect content management solution for Apple iPhone and iPad devices.
worldflow have built numerous bespoke software solutions for the finance industry including solutions for market / client connectivity, e-commerce platforms, reconciliations, fees management, CRM, web sites, FIX engines, and pricing engines.
The Traiana Harmony network provides market connectivity and processing of trades generated by over 1,000 buy and sell-side participants across a wide range of asset classes.
Digital Vega is fully integrated with the Traiana Harmony network for matching of ‘give-up’ transactions for FX Options and delta hedges. We can transmit trades to Traiana Harmony on behalf of both the buy and sell-side clients as required.