While the consolidated BIS data isnt available yet, Thompson Reuters has announced its electronic Fx options business grew 166% in 2015. This appears to highlight the increasing electronification of markets for more complex instruments.
Thomson Reuters issued an announcement highlighting the growing turnover of FX options throughout 2015. However according to the broader data that the Bank of International Settlements is collecting, this is not an isolated case. Thomson Reuters published its own data, showing that electronic FX options trading accelerated by 166 per cent throughout 2015. Commenting on the announcement by Thomson Reuters, the Global Head of FX at the company, Phil Weisberg, stated: “Due to their inherent complexity, FX options have been the last FX instrument to move from OTC markets to electronic platforms, but best execution requirements are seeing options volumes and participants on our platforms really flourish.”