EU Says Volbroker.com FX options System Can Launch at End of August
TRANSACTION SYSTEMS
BRUSSELS--Volbroker.com received approval from the European Commission last week for its automated FX Options Trading System, which paved the way for its launch at the end of August.
Volbroker.com was formed by Citibank, Deutsche Bank, Goldman Sachs and UBS Warburg last year to automate FX options trading, moving it to a web-based platform.
JP Morgan and the Royal Bank of Scotland later joined the consortium, which was originally due to launch in the second quarter.
The European Commission said in
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