Tradition-Icap ramps up FX options offering

Abstract

VolCall, the latest addition to Tradition-Icap's Volbroker platform for foreign exchange options, is pitched to attract smaller market-makers to provide liquidity in the hope of driving up the level of electronic execution through the platform. VolCall was unveiled this week and is set to go live by August 5 as a request-for-quote service for G-10 options, with a brokerage fee of $5 per million notional up to and including two-year options, while longer-dated options and emerging markets will be subject to a 50% discount.