OptAxe, a fully centralised trading venue for liquidity discovery, dissemination and execution, has announced it has received FCA authorisation to operate a multilateral trading facility (MTF) for axe-driven FX options trading. OptAxe offers an innovative and automated approach to FX options trading that digitises and centralises the distribution of FX options axes. OptAxe evolves the current model by providing market participants with a solution that sources and consolidates the best interest available in the market, in real-time. Chris Jackson, CEO and Co-Founder of OptAxe, said: “We set out to bring much-needed innovation to the FX options market, improve liquidity discovery and unlock previously untapped trading opportunities. OptAxe is a fully centralised, regulated venue for liquidity discovery, dissemination and execution that empowers trading participants with actionable insights from centralised liquidity information. We automate manual, bilateral processes and consolidate available axe inventory into a single platform, effectively acting as a multi-issuer, not a multi-dealer platform, RFQ-based venue”.
