Wealth Management Solutions
Digital Vega is now an established participant in the OTC FX derivatives market via its award winning Medusa multi-dealer trading platform. Client base and connected liquidity providers continue to grow and average daily trading volumes are increasing at an average of 45%-50% per annum.
Digital Vega has focused on institutional clients trading a range of vanilla option structures with liquidity provided by over 20 major FX banks. The Company is also in process of creating an innovative new FX Option Central Limit Order book for active participants; Liquidity Hub will launch in Q3 2019
Most of the recent growth is driven by greater levels of regulation; Dodd Frank, MIFID 2 and new regulations being implemented in Asia. These more onerous regulations include best execution and reg reporting are also starting to have a tangible impact on the private bank community, who in many cases, are now reviewing existing workflows and practices with a view to implementing greater levels of automation.
In response to this growing regulatory pressure, Digital Vega has already been commissioned by a leading Swiss Private Bank to build a best execution and white label version of its Medusa trading platform which should be completed by Q3 2019. This new solution will provide a range of price management tools, best execution analysis and internal and external reporting.
More recently Digital Vega was approached by a Zurich based software company that has already developed a market leading FX trading system for wealth managers and high net worth individuals that is already being piloted by a major Swiss private bank.
Recent discussions with similar institutions and subsequently between the two companies highlighted the potential to provide a unique new service that would provide private banks and their clients with a sophisticated client focused FX and Precious Metals trading solution
Digital Vega and Phinom have now partnered to deliver a unique new solution for the private bank community offering a fully fledged end to end solution for complex option and structured products:
• Liquidity from 19 of top 20 FX option banks
• Full support for all types of FX option structures and payouts
• Unique new indicative pricing and structuring tool set
• Best execution reporting and analytics
• Flexible price formation/spreading tools
The trading platform is available via desktop/laptop running Windows or Mac and also via Apple and Android tablets and smartphones. Delivery and control of trading services is completely configurable and can be used either by internal sales teams and money managers or made available directly to end user clients with all necessary tools available
· Real-time portfolio revaluation
· Best execution reporting
· Pre-trade and aggregate portfolio margin calculation
· All products available to trade via laptop or tablet
· Full reporting and analytics available on smartphones
· Credit/margin system integration toolkit
· Multi-account aggregated risk and P+L analysis
· Flexible margin calculation models and comprehensive technical analysis tools