Refinitiv’s FXall expands market liquidity with non-bank market maker Optiver

Refinitiv, one of the world's largest providers of financial markets data and infrastructure, revealed that FX options volumes on its subsidiary FXall reached a 26% year-over-year increase in 2020. During a year marked by market turmoil in the wake of the Covid-19 pandemic, buy-side participants on FXall increasingly relied on FX options to hedge their currency exposure. 

A wide range of buy-side institutions use FXall to access deep options liquidity. Over 66 market makers now provide electronic options liquidity to clients via FXall, and nearly one third are now responding to client RFQs in an automated way via API.

Expanding its already deep liquidity pool, FXall has recently added Optiver, a proprietary trading firm and market maker for FX options, as the first non-bank liquidity provider for FX options on the platform. 

"We are excited to be joining Refinitiv FXALL and adding to their current liquidity pool. This is a great platform for providing alternative liquidity to buy-side participants," said Jean Cayla, Chief Commercial Officer at Optiver London. "Since becoming a dealer in OTC FX options in September 2019, we have been growing in the space and this is certainly a positive step in our evolution."

"The record-growth of options trading during one of the most transitional years for the trading sector validates the effectiveness of our platform to deliver seamless end-to-end trading solutions across all segments of the FX market," said Jill Sigelbaum, head of FXall, Refinitiv. "The addition of Optiver, a market-leader in options, builds on this commitment and our strategy in 2021."