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.

The Paradigm

Build a fair system

Protection of liquidity in illiquid markets for price makers using proprietary algorithms

Intuitive workflow for clients

Enable clients from idea to implementation by giving them non discretionary tools to be better informed on markets

Latency Specific Architecture

Asia based low latency architecture with Headquarters in Singapore and low latency connectivity to Tokyo

Regulatory Compliance

Singapore based RMO compliance

Mission

Provide a fair marketplace for electronic trading of FXOptions enabling institutional investors from idea to implementation in a robust, trustworthy, transparent and efficient way by partnering with banks and respecting their liquidity

Market

  • Synoption enables clients to analyse and trade in 75 currency pairs
  • Execution capability up to a maturity of 1 year.
  • Low latency access to Asia based clients

Technology

Intuitive User Interface

A rich user interface that users can access either via desktop application or through the web

FIX based API for Liquidity Providers

Banks can connect to SynOption using FIX API. RoE document is available on request.

Straight Thru Processing API

FIX based STP Execution reports that provides real time stream of executed trades that can be electronically incorporated into user risk systems.

Analytics

Analytics on trades, Counterparties and markets

Security

Data Centres and Networks

SynOption is hosted in Singapore based data centres which adhere with MAS TRM based security guidelines. SynOption adheres to Disaster Recovery guidelines and details are available to clients on request

Data Security

All data in transit and at rest is fully encrypted based on globally accepted and recommended standards. Synoption adheres to Singapore PDP policy requirements set for data Privacy

Participants

Liquidity Providers

SynOption partners with some of the largest and most reputed banks to provide liquidity in the FX Options space. Banks provide this liquidity from their Asia based pricing systems

Liquidity Takers

SynOption's target liquidity takers are institutions which access the FX Options markets and are looking for an easier workflow to make that happen. These encompass Hedge Funds, Real Money clients, Private Banks and Local Banks.

Team SynOPTION

A veteran of the FX/ FXOptions market, Anchal’s prior experience spans the buy side as well as sell side. He was a Portfolio Manager at Balyasny Asset management, prior to which, as a Managing Director at JPMorgan, he ran the bank’s FXOptions business in Asia, and ran the Asia business globally.

Anchal Jain

Founder and CEO

Gurpreet is a serial entrepreneur and has been the founder of various startups since the age of 19. Her previous startups span various industries, and brings a wealth of experience in nurturing young firms to maturity. Gurpreet brings a wealth of international entrepreneurial experience in diverse markets.

Gurpreet Chhatwal

Co-founder

Sikander brings a wealth of knowledge and experience in FX markets. Sikander spent 28 years in JPMorgan and was the Global Head of International Markets and Investor Service Sales. Sikander served on various global management committees in JPM and held SMF7 designation with FCA.

Sikander Ilyas

Board Member

Mark brings more than 25 years of experience in FX trading technology. His previous role was as Chief Risk Officer at Nikko Asset Management responsible for risk management applications. Prior to that, Mark was a Managing Director at Dymon Asia, and at various banks like Nomura and Bear Stearns responsible for development of FX trading and risk management applications.

Mark De Vries

Head of Analytics

Nirmaljit is an experienced professional in the trading technology domain, with 18 years of experience in developing and managing complex, distributed, low latency systems. His prior experience includes developing low latency systems for electronic trading with firms like Credit Suisse, Bank of America and Optiver.

Nirmaljit Singh

Head of Trading Tech

Careers

SynOption is a fast growing organization looking for talented and motivated individuals who have experience in the fast paced world of electronic trading

If that excites you, please send your CV to:
Recruitment@synoption.com

The following roles are open at SynOption

  • Production Support Engineers
  • Network and Security Engineers
  • C++ Developers
  • UI Developers
  • Account Manager (Singapore)
  • Sales (Singapore based role)

Contact Us

SynOption Pte. Ltd. Singapore
5 Shenton Way, UIC Building 10-01, Singapore 068808
Synoption India Pvt. Ltd.
1704A, Logix City Centre,Sector 32,NOIDA 201301, Uttar Pradesh, India

Disclaimer

The SynOption Platform is established and operated by SynOption Pte. Ltd. in a regulatory sandbox, and has been exempted from compliance with some of the requirements under the Securities and Futures Act(Cap 289) ("SFA") during the period of 1 January 2020 to 31 December 2020 (both dates inclusive), subject to such further extension as the Monetary Authority of Singapore ("MAS") may approve (the "Sandbox Period")."

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