Digital Vega, theFX Options e-trading platform, has integrated with FactSet’s FX execution management system, Portware. The partnership aims to broaden Digital Vega’s client base and distribution network, while enhancing FactSet’s product coverage to include FX Options alongside Fixed Income, Equities, Futures, and FX.
FactSet’s Portware platform provides Asset Managers with a unified execution method across all asset classes, offering deep liquidity and high automation levels. The integration with Digital Vega allows clients to automate complex FX Options workflows and access extensive pricing from a broad range of Liquidity Providers.
Mark Suter, Executive Chairman and Co-Founder of Digital Vega, stated: “By partnering with FactSet we are able to extend our coverage to large Asset Managers, which will deepen liquidity for the benefit of all our clients.”
John Marchese, Head of FX Sales at FactSet, added: “As the FX Options market has become increasingly electronic, we wanted to work with a best-in-class e-FX Options provider in that market. Adding FX Options to Portware was a logical decision.”
Toby Baker, Head of FX Trading at T. Rowe Price, a firm that has been using Portware for the day-to-day cash trading requirements for some time, commented: “Adding Digital Vega’s FX Options liquidity and workflow management into Portware’s EMS to provide a single, fully integrated solution will bring huge benefits to the team.”
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