FX Alliance (FXall) has announced that Goldman Sachs, J.P. Morgan and Morgan Stanley have connected to its electronic foreign exchange trading platform. They join BofA Merrill Lynch and Credit Suisse, bringing the platform’s total to five bank options liquidity providers that are auto-pricing options. As option pricing capabilities are now available through the current release of Treasury Center, FXall’s dealer intervention tool, the Thomson Reuters company’s entire community of over 80 banks can participate in the option market’s evolution to online trading.

Kayhan Mirza, global head of FX options at J.P. Morgan, says: “The FXall Multibank Options trading platform will open up a new channel for us to serve our clients. As the market evolves towards a more electronic means of execution, FXall is a strategic partner in helping to broaden the distribution of our electronic products. We are pleased to offer liquidity through this new trading venue, and welcome the greater choice and improved access to liquidity that this will bring.”

FXall provides a full end-to-end options workflow solution including post-trade functionality for settlement, premium netting and payments. It supports the trading of European option strategies including Calls, Puts, Straddles, Strangles, Spreads, Collars, Butterflies and Strips. Users can also create custom multi-leg strategies and zero cost strategies. The platform’s option calculator facilitates price discovery by solving for strikes, premiums and notional amounts prior to execution.

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