Hydra 

 Structuring, pricing and execution  

Overview

Hydra is Digital Vega’s award-winning end-to-end structuring, pricing, execution and risk management trading platform — supporting the entire FX product suite, from plain Vanilla Options to Target Profit Forwards and Accumulators.

Designed for both sell-side and buy-side institutions, Hydra delivers ready-to-use multi-dealer or (white label) single-dealer platform capabilities.

Key Features

  • Deliver competitive pricing

  • Maximise trade opportunities

  • Reduce operational risks and trading costs

  • Automate workflows and scale effortlessly

Product coverage

Full product suite from Vanilla Options and their combinations to exotics and dual-currency deposits.

Pricing & structuring

GUI and API tools with integrated solvers (for spot, strike, barriers, or yield) optimisers and scenario analysis.

Portfolio & risk analytics

Real-time valuations, P&L analysis and Risks for Vanillas and Exotics. Scenario analysis with portfolio-level aggregation across currency pairs and products.

Lifecycle management

Seamless trade capture, allocations, STP, versioning, event monitoring, and customised regulatory reporting.

Extensive connectivity

FIX connectivity and RESTful APIs support seamless integration across pricing, booking, execution, market data and model integration. Tailored interfaces for client-specific integrations.

Custom products

Configure proprietary products (e.g., bespoke Tarf variations) to your exact specifications, accessible only to your sales and clients.

Hydra Use Cases

Hydra powers trading desks and client businesses across the global FX ecosystem — from Tier 1 banks to innovative buy-side firms:

  • Investment Banks: support complex sales/trader workflow and deliver real-time pricing to clients without long and costly build-outs.

  • Private Banks: offer FX execution to PWM clients, competing with the most advanced single dealer platforms.

  • Brokers: manage credit and liquidity risk from clients and LPs from a single environment.

  • Buy-Side Institutions: access best-in-class pricing, analytics, execution and portfolio management tools.