Volbroker.com, the online marketplace for currency options that launched in London in August, was due to be extended to users in Singapore, Hong Kong and Tokyo last month. The service currently has 20 banks operating in a live trading environment in London, and is shortly due to add a couple of Continental banks to the service.
After an installation and training phase for new users in the Far East (which is due to carry on through the end of this month), Volbroker will turn its eye to Australia, where it will begin installations in November. During this time, as many as 30 Asian banks will move from the demo environment to the live trading arena, says Terry Benson, Volbroker’s senior relationship manager, North America.
In North America, the rollout will begin around the first week of November, when the group will add another 30 banks to the network. Installation and training of these users should be completed by the end of November. “At this stage, we will have completed stage one of our global rollout,” adds Benson. “From here we will be adding banks that were not included in the first stage of the rollout.”
A “view only” Web version of Volbroker is due for release in late October or early November, while full trading capabilities over the Internet should be available by year-end.