CME Group and Digital Vega are partnering on a project that will allow buy-side firms to use over-the-counter-style workflows to execute large, centrally cleared block foreign exchange options trades, which could help to broaden their counterparty relationships to include non-bank liquidity providers.

The tie-up will enable the buy side to lean on existing OTC relationships with dealers, via Digital Vega’s multi-bank request-for-quote platform Medusa, to trade block-sized listed FX options.

Featured in FX Markets (gated content) – www.fx-markets.com/trading/7948869/cme-and-digital-vega-to-offer-joint-solution-for-block-fx-options