Hedge Funds access IDB market

GFI Group has opened ForexMatch, its FX options platform, to hedge funds.

First Published by e-Forex News: October, 2007

GFI Group has opened ForexMatch, its FX options platform, to hedge funds.Using ForexMatch via prime brokers, hedge funds can now trade and make markets in FX options on GFI’s multi-contributor platform.
“Hedge funds have been asking for this and GFI has responded”, said Colin Heffron, GFI’s president, “But at the moment it is just for hedge funds that are going to be significant liquidity providers.” GFI declined to name the hedge funds, but confirmed that trades have occurred. ForexMatch forms part of GFI’s successful voice/screen hybrid broking business model.