First OTC Equity Derivatives E-trading System Launched by Brokers Kappa
TRANSACTION SYSTEMS
LONDON--Kappa Financial Services, a UK firm of equity derivatives voice brokers, is to launch the first Internet-based trading system for European equity derivatives.
Tradekap.com, expected to go live in early August, has taken Kappa and its technology partner JF Technology a year to build. The idea is to automate that sector of the equity derivatives market that does not sit easily on exchanges. In other words, customers may want to trade stock or index options that mature in months not covered
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