Digital Vega acquires further investment
28th July 2011 – Digital Vega, the multi-dealer FX options trading platform today announced that State Street Corporation has taken a minority stake in the company.
Following the recent announcement that Deutsche Boerse acquired a minority stake in Digital Vega, this further strengthens the Company’s ability to invest in its expanding business, and simultaneously provides a formidable platform on which to build and deliver a market-leading suite of products and services
As a result of this investment, both parties will leverage their advanced FX platforms to deliver an FX capability that includes State Street’s Currenex FX platform with Digital Vega’s innovative new FX Option trading tools.
Mark Suter, CEO of Digital Vega says “From the outset of the Digital Vega project, we knew that in order to compete on the global stage, we would need strategic partners, and with this investment the final piece of that plan is in place.
With investment and support from two such important institutions as Deutsche Boerse and State Street, our ability to leverage the complementary strengths of both firms ensures that we are now ideally situated to rapidly deliver a range of market leading products and services to a huge and diverse global customer audience.
This unique partnership will also allow us to adapt quickly and efficiently to upcoming changes in the regulatory landscape.”
About Digital Vega
Digital Vega’s FX Option trading platform Medusa is a multi-dealer trading platform, which allows market participants to trade a range of FX Option structures on prices from up to 5 relationship-based liquidity providers. The platform delivers comprehensive, reporting tools to both buy- and sell-side participants, enabling them to identify best execution as well as detailed client and provider activity and service levels. It is also integrated to the Traiana Harmony network, which delivers real-time trade notifications and comprehensive position and exposure management tools.
For more information visit www.digitalvega.com
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