Digital Vega Medusa
Overview
Medusa is Digital Vega’s flagship platform for FX options execution, liquidity management, and post-trade processing. Designed in collaboration with leading banks, asset managers, and hedge funds, Medusa provides deep liquidity access, advanced pricing tools, and seamless connectivity—delivering greater transparency and efficiency to the global FX options market.
Key Features
Multi-Dealer RFQ & Streaming
Access competitive pricing from the world’s largest liquidity providers in real time.Smart Execution
Advanced order routing and execution logic ensure best pricing and minimal market impact.Custom Structures
Price and trade a full range of vanilla and barrier-based FX option structures, tailored to your trading strategies.Post-Trade Integration
Automated confirmation, STP, and reporting to reduce operational risk and support compliance.Analytics & Insights
Embedded tools for scenario analysis, risk assessment, and market benchmarking.Pre-trade TCA based Provider Selection
Liquidity Optimiser analyses LP pricing and automatically selects optimal provider panel.
Full Workflow Automation
Medusa provides full trade lifecycle automation: automated TWAP order splitting and randomisation, Pre-trade TCA-based provider selection and auto mated option expiry management using regulated benchmark.
New Products and Services
We are currently working to deliver the following enhancements:
Executable AXE Management
Users will be able to view and trade directly on multiple bank axes.
Banks will have granular control over external distribution groups.
Price Negotiation Tools
Using unique new negotiation protocol, user will be able to fine tune pricing with relevant LP(s) without the need for chat. Fully automated and audite
NLP Based Order and Trade Ticket Loading
Use of NLP (natural language processing) will streamline order or trade ticket upload
Why Medusa
Trusted by Global Institutions – adopted by major banks and buy-side firms worldwide.
Independent & Neutral – an open, multi-dealer marketplace designed for fairness and transparency.
Proven Scale & Reliability – built for high-volume, high-speed trading with robust uptime.
Continuous Innovation – constantly evolving with new features to meet the demands of modern FX markets.
21 Bank Liquidity Providers
We have built trusted relationships with all major banks and can connect and provide liquidity across all major currency pairs
Fully automated OMS
Our Medusa Platform connects to all order management systems to provide a seamless trade workflow solution
Automated Expiries
Due to the growth in FX Option tickets we have automated the expiry process which has improved efficiency and output for all our clients
Barrier Options
We support the following barrier Options: European Knock in; European Knock Out; American Knock In; American Knock Out; American Reverse Knock In; American Reverse Knock Out
STP Solutions
We are fully connected to all major STP providers including RTNS, Ostra and custom built APIs. We also offer connection to our own API
PB Solutions
We are connected to all prime brokers and can also introduce you to a Prime Broker bank if you do not have one