Sucden Financial launch cost effective OTC FX options service with increased price transparency

Tuesday, May 9, 2017

Sucden Financial, a leading institutional FX and derivatives broker, has launched a new OTC FX options service. The new offering provides users with the ability to price their own option structures online and benchmark those prices against independent data for greater transparency.

“Having identified client requirements regarding liquidity, cost and the availability of independent pricing data, we realised that we could build a transparent service that offers our clients wider access to a range of products, with innovative features at lower technology costs.” said Pritesh Ruparel, Sucden Financial’s Head of FX Options Origination & Structuring. He continued; “We now offer over 120 OTC FX option types, unlimited live streaming quotes for deliverable and non-deliverable FX pairs, as well as more advanced technology including time saving multi-period hedging functionality, pre-trade analysis, risk controls and independent data feeds. We believe we have a sophisticated first-to-market offering that appeals to our target clients.”

Clients, including asset managers, hedge funds, corporations and FX brokers looking to manage their FX exposure with more flexibility and customisation, have the choice of trading via an online trading platform or traditional voice methods. The new service ultimately means OTC FX options provided through Sucden Financial are now viable hedging tools for a broader range of users than ever before.

“Our new FX options offering is part of a significant investment plan to expand our firm’s institutional FX services and provide improved distribution of products to key clients.” commented Marc Bailey, Managing Director, Sucden Financial Limited. He continued; “We are in a strong position, especially given our market knowledge to find accurate and highly competitive option pricing, to be the non-bank FX service of first choice.”

Sucden Financial has been providing FX services for over 30 years, with established prime brokerage relationships and liquidity from a variety of sources, including tier 1 banks.

About Sucden Financial

Sucden Financial is a leading international derivatives and FX broker providing access to a broad range of markets, including exchange and OTC traded products, as well as equities, fixed income, foreign exchange and bullion.

The company was formed in 1973 as the London brokerage arm of Sucden, an independent leader in soft commodities trading.  Sucden Financial has since evolved into one of the largest brokers for traders, fabricators, producers, consumers, investment houses, hedge funds, commodity firms and retail brokers.

Sucden Financial is a ring dealing member of the London Metal Exchange (LME) and has access to major global exchanges, offering clients fast, direct access to worldwide markets.

All senior appointments to Sucden Financial Limited are subject to regulatory approval.

Based in the City of London, Sucden Financial also has offices in Moscow and subsidiaries in Hong Kong (Sucden Financial (HK) Limited) and New York (Sucden Futures Inc.).

Sucden Financial Limited is authorised and regulated by the Financial Conduct Authority (FCA).

Sucden Financial (HK) Limited is licensed by the Securities and Futures Commission (SFC).

Sucden Futures Inc. is registered with the National Futures Association (NFA).
Press Office
Tel: +44 (0)20 3207 5280

FX Options Institutional OTC FX option liquidity