FX Options Brokerage Expands Service To North America
ICor Brokerage Ltd., the 50/50 joint venture between Reuters and ICor Brokerage, has launched its foreign exchange options online brokerage service in North America. The service, ICor Brokerage FX Options, provides electronic broking of FX options to the foreign exchange market via the Reuters Dealing 3000 platform, the market leading, conversational trading application. Sixteen North American banks have gone live with the system and an additional 12 banks are expected to begin trading within the next two months. Trading is currently available in eight currency pairs. The service was launched in Asia Pacific in January 2002, where ICor has over twenty-five banks actively trading, and in Europe in July 2002, where over twenty banks are currently trading with the system as well. The North American launch is the final phase in ICor’s global roll-out.