State Street Buys Currency Firm Stake

Currency options dealing firm Digital Vega has sold a minority stake in itself to State Street.

Currency options dealing firm Digital Vega has sold a minority stake in itself to State Street, The Wall Street Journal reports. Financial terms of the deal and the number of shares purchased have not been disclosed. Both the firms will leverage their advanced FX platforms to roll out an FX capability that includes State Street’s Currenex FX platform with Digital Vega’s new FX Option trading tool. Last month, German stock market operator Deutsche Boerse also acquired a stake in Digital Vega.

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