High-Speed Traders Expand Into $300 Trillion FX Options Market as IMC, Susquehanna Push Globally
Updated
Updated · Bloomberg · Jun 23
High-Speed Traders Expand Into $300 Trillion FX Options Market as IMC, Susquehanna Push Globally
3 articles · Updated · Bloomberg · Jun 23
Summary
IMC Trading has begun trialling FX options market-making during U.S. hours from London, marking a fresh step by high-speed firms into a market long dominated by banks.
Susquehanna International Group is looking to hire in Europe to build out its currency derivatives business there, extending the expansion beyond a single firm or region.
Optiver is also pursuing more complex FX options offerings, showing the push is moving past basic electronic liquidity provision toward broader product coverage.
The moves point to a global buildout in currency options, as proprietary trading firms seek a bigger role in one of the world’s largest derivatives markets.