Fyshe Horton Finney Ltd., an FSA investment house with origins dating back to 1896, today announced that it will offer trading technology and related credit services for brokers that want to enable clients to trade foreign exchange options.
The firm will offer the new FX options package to its existing portfolio of customer trading platforms, which currently support spot FX, CFDs and equity options products.
By enabling a range of trading and risk management strategies, FX options trading fits within Fyshe's mission to help clients preserve and create wealth.
"As one of the City's oldest independent firms, Fyshe is always striving to provide new, innovative trading products and services to clients," said Dr. Hardeep Tamana, CEO, Fyshe. "Spot FX trading is an important, mature product with FX brokers globally. Our FX options technology, credit and liquidity services will enable them to bring a robust, highly liquid FX options product to market quickly."
To support the new offering, Fyshe will use trading technology and integration services from FX Bridge Technologies Corp., a leading provider of trading software solutions to the global trading community. FX Bridge's technology solutions and services are used by brokers and regional banks globally to offer same-account trading in spot FX, contracts for differences (CFD) and FX options to their individual and institutional clients. Trading multiple, related products in a single account supports margin efficiencies and extends the range of trading and risk management strategies clients can pursue.
In addition to a new technology platform, Fyshe will offer credit solutions enabling brokers to access multibank liquidity via a leading FX prime broker. Previously, only brokers that were capable of making markets could use the platform. Now brokers without market making capability, or those who prefer not to take market risk, can use the platform with single or multibank pricing or that of another liquidity provider.