SINGAPORE, Jan 29 (Bernama-BUSINESS WIRE) — Singapore based start-up SynOption Pte. Ltd. launched its platform for electronic trading of FX Options this week. An institutional platform, it allows investors to execute FX Options trades by requesting quotes from multiple banks on a centralized venue, thus enabling Best Execution for clients.
SynOption is the first firm approved by Monetary Authority of Singapore (MAS) to establish and operate an organized market for a period of 9 months under the Sandbox express framework. The firm has also been awarded a grant by MAS Financial Sector Development fund as a designated special project.