Of Special Interest

8th July 2011

Deutsche Borse invests in FX technology derivatives co

Deutsche Börse has taken a minority stake in Digital Vega, a UK software house providing pre-trade price transparency in foreign exchange (FX) options for institutional investors, corporates and other FX market participants. It is coy about details stating only that the investment is in the single digit number millions of dollars.

Deutsche Börse stated that it was increasing its positioning in the provision of pre-trade price transparency in the derivatives area for institutional investors and taking an initial footprint in the FX derivatives space.

"This investment in Digital Vega highlights our recognition of the changing industry landscape and aims to support the G20 commitments for improving the integrity and safety of the OTC markets. As a regulated exchange and clearinghouse we provide transparent trading, processing and clearing services. The software and processes provided by Digital Vega are an important element to achieve the regulator's goal of higher transparency," said Peter Reitz, Managing Director of Deutsche Börse and member of the Eurex Executive Board.

"We are immensely pleased to announce this investment from such strategically important partners and view this as a clear endorsement of our vision and business model. By leveraging our collective strengths, and working with our buy- and sell-side supporters, we intend to establish Digital Vega as one of the most significant participants in the increasingly changing FX environment," said Mark Suter, CEO of Digital Vega.