Features : Considering APIs: automated trading and FX Option platforms

The relative complexity of FX options, coupled with the increasing sophistication of available technology, means that the hybrid trading model that has grown up around FX options is being whittled away – albeit at a slower pace than other instruments. Few would disagree that it is only a matter of time before FX options go the same way that equities and then spot FX have in terms of electronic trading and the growing use of algorithmic trading.

Larry Rosenshein, chief operating officer of TFS-ICAP, says that automating as much as the manual processing of FX options as possible is the broker’s core aim. He says: “Time is the single most precious commodity that our clients lack. The more efficient we make the communication between our brokers and our clients the better we are able to serve their needs.

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