Creating Synergies in FX Options

SynOption Pte. Ltd. is a financial technology firm headquartered in Singapore, looking to play a role in bringing about more transparency and easing the way business is done in financial markets in FX derivatives. It is a new institutional platform that allows clients to analyse and trade on FX Option instruments and strategies in a fair and transparent manner.


SynOption is the first institution to be inducted into MAS sandbox express from 1st Jan 2020.

News

SynOption becomes first firm to be inducted in MAS Sandbox Express.

September 17, 2019

SynOption Pte Ltd, a Singapore based startup has been inducted into MAS Sandbox express to operate an FX Options trading platform from 1 Jan 2020.
SynOption Launch Reinforces Singapore FX Push.

January 20, 2020

Singapore’s efforts to make itself the leading FX hub in Asia will be boosted by the opening of an institutional FX options trading platform with SynOption due to start trading.
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SynOption becomes first firm to be inducted in MAS Sandbox Express.
September 17, 2019
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SynOption Launch Reinforces Singapore FX Push.
January 20, 2020

Press Release

Singapore based startup SynOption launches venue for FX Options trading

Singapore, 29 January 2020


Singapore based start-up SynOption Pte. Ltd. launched its platform for electronic trading of FX Options this week. An institutional platform, it allows investors to execute FX Options trades by requesting quotes from multiple banks on a centralized venue, thus enabling Best Execution for clients.

SynOption is the first firm approved by Monetary Authority of Singapore (MAS) to establish and operate an organized market for a period of 9 months under the Sandbox express framework. The firm has also been awarded a grant by MAS Financial Sector Development fund as a designated special project.

SynOption supports MAS’s vision to make Singapore the FX trading hub in Asia by focusing on the derivative segment of the market. By being part of the FX hub, SynOption intends to provide high speed connectivity to clients with lower trade rejection rates as more liquidity providers set up operations in Singapore.

SynOption’s founder, Anchal Jain, is a veteran in the FX Options markets. Mr. Jain’s experience includes stints as a banker, where he was Managing Director at JPMorgan Chase Bank managing the bank’s FX Options business in Asia; and as a Hedge Fund Portfolio Manager with Balyasny Asset Management.

“SynOption attempts to build a fair platform for trade execution for all participants in the niche FX Options market. We provide an efficient workflow to clients, by getting involved in their entire investment process from idea to implementation, while protecting liquidity for banks in an illiquid space”, says Mr. Jain.

SynOption has started onboarding Institutional clients based in Singapore and has gained good traction. The platform has signed up top tiered banks up as liquidity providers and is rapidly looking to expand its participant base in the next few months.

Speaking about the vision for the platform, Mr. Jain says, “In a world where electronic trading now dominates most linear products, the FX Options market has lagged behind primarily due to the complexity of the product. Leveraging on our experience, we are trying to create an intuitive product that will make the electronification journey easier. We intend to increase the scope of product and geographical reach as we gain more of a foothold in Singapore, and for that reason we continue to look for talented individuals to join us in our journey”.


Media Contact: Anchal Jain

Email: anchal@synoption.com

+6594591259