Sucden Financial launch cost effective OTC FX options service with increased price transparency

“Having identified client requirements regarding liquidity, cost and the availability of independent pricing data, we realised that we could build a transparent service that offers our clients wider access to a range of products, with innovative features at lower technology costs” – Pritesh Ruparel, Head of FX Options Origination & Structuring, Sucden Financial

Sucden Financial, a leading institutional FX and derivatives broker, has launched a new OTC FX options service. The new offering provides users with the ability to price their own option structures online and benchmark those prices against independent data for greater transparency.

“Having identified client requirements regarding liquidity, cost and the availability of independent pricing data, we realised that we could build a transparent service that offers our clients wider access to a range of products, with innovative features at lower technology costs.” said Pritesh Ruparel, Sucden Financial’s Head of FX Options Origination & Structuring.

He continued; “We now offer over 120 OTC FX option types, unlimited live streaming quotes for deliverable and non-deliverable FX pairs, as well as more advanced technology including time saving multi-period hedging functionality, pre-trade analysis, risk controls and independent data feeds. We believe we have a sophisticated first-to-market offering that appeals to our target clients.”

Clients, including asset managers, hedge funds, corporations and FX brokers looking to manage their FX exposure with more flexibility and customisation, have the choice of trading via an online trading platform or traditional voice methods. The new service ultimately means OTC FX options provided through Sucden Financial are now viable hedging tools for a broader range of users than ever before.

“Our new FX options offering is part of a significant investment plan to expand our firm’s institutional FX services and provide improved distribution of products to key clients.” commented Marc Bailey, Managing Director, Sucden Financial Limited. He continued; “We are in a strong position, especially given our market knowledge to find accurate and highly competitive option pricing, to be the non-bank FX service of first choice.”

Sucden Financial has been providing FX services for over 30 years, with established prime brokerage relationships and liquidity from a variety of sources, including tier 1 banks.

Read this next

Executive Moves

Solid hires FX industry veteran Darren Barker for multi-bank ECN’s business development

His curriculum vitae includes former roles at Cantor Fitzgerald, Sucden Financial, R.J. O’Brien, Jefferies, Natixis, Unicredit, J.P. Morgan, Raiffeisen, RBS International, UBS, Deutsche Bank, and Citi. 

Inside View

Mihails Safro, xpate CEO: Tips sellers need to know to overcome compliance obstacles

The unprecedented growth of e-commerce changed shopping dramatically last year. Many sellers suddenly faced a rapidly growing number of customers who had to stay home during the lockdown. When some clients adopted Netflix and Spotify as part of a daily routine, others ventured into online business. Robinhood alone saw a whopping 6 million rise in user numbers in 2 months. 

Institutional FX

BMLL delivers Level 3 data to Kepler Cheuvreux for order book analytics and algo performance

The solution covers more than 6.5 years of harmonised historical data from 65 venues and combines it with easy to use APIs and analytics libraries in a secure cloud environment. 

Digital Assets

Crypto Is An Invaluable Tool In The Fight Against Financial Oppression  

Crypto has proven itself to be much more than just a hot investment. Indeed, some say it’s poised to play a critical role in the future of finance

Executive Moves

Parameta appoints Head of Benchmark and Indices with a focus on ESG and rates

The firm said building out its benchmarks & indices offering will now be a core priority, with a particular focus on the ESG and rates space.

Digital Assets

WunderTrading brings automated crypto trading to United States

“Among developed countries, Americans are the heaviest users of cryptocurrencies, with 13% having invested in cryptocurrencies over the past year.”

Retail FX

ACY Securities sponsors child safety and family welfare charity Barnardos Australia

Sponsoring Barnardos will give ACY Securities and its employees an opportunity to do volunteer work through different outreach programs.

Digital Assets, Institutional FX

StoneX executes cash-settled BTC/USD swap for DriveWealth’s UK subsidiary

“Cash-settled swaps allow our clients to access the market movement of underlying digital assets without taking physical custody.”

Opinion

Driving competitive advantage from FX TCA to LPA – what’s it all about? 

Benjamin Disraeli once said, “as a general rule, the most successful man in life is the man who has the best information.” This line has never been more significant than in today’s data-fuelled financial markets, where detailed analysis of information can provide that all-important competitive edge – not just for now, but in the future.

<