OptAxe Receives FCA Approval to Launch FX Options MTF
London-based OptAxe has gained FCA authorization to operate a multilateral trading facility (MTF) for FX options trading.
Founded in 2022 by HSBC FX veterans Chris Jackson and Yorke O’Leary, OptAxe aims to improve FX options trading.
The platform targets challenges like pricing transparency and inefficiencies in the OTC FX market, where manual processes often lead to missed opportunities.
Current FX options trading is voice-driven and fragmented, with only 25% of bank-to-client axes effectively distributed, complicating price discovery and execution.
