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Tradition-ICAP FX Options Product Specification

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Product Code:

FXO-TIF-GLO-ALL

Description:

Tradition-ICAP conducts its business as an independent intermediary in Over the Counter (OTC) FX Options and has offices in London, New York, Frankfurt, Copenhagen, Tokyo, Hong Kong and Singapore. In November 2001, the company integrated the Volbroker system into its currency options business. This created an inter-dealer broking consortium that combines the strengths of voice brokered liquidity together with the market’s leading FX Options electronic broking platform. Volbroker was the first electronic inter-dealer trading environment for FX Options designed by FX options traders for real-time performance, with liquidity support from the world’s top interbank market makers. There are 30-40 interbank participants publishing FX options pricing on the platform, either directly or through Tradition’s global FXO brokerage desks. Volbroker is the leader for electronic price transparency and efficiency in the USD 5 trillion currency derivatives market. TraditionData publishes real-time volatility price transparency for ATM (At-The-Money) Straddles, 25 and 10 Delta Risk Reversals and Butterflies in +50 currency pairs.

Data Source:

FX Option Prices, and related market data is sourced from liquidity originating from both voice broker desks and from the leading FX Options electronic broking platform, Volbroker.

Delivery Method:

real-time:Retrieve real-time through Tradition Integrate Market Data Platform
Hourly:Receive hourly snapshots delivered via SFTP.

Data Frequency:

The market data is updated in real-time, sourced directly from the leading FX Options electronic broking platform, Volbroker.

Data Format:

CSV files for hourly snaps and Tradition Integrate messages for Real-time

Data Coverage:

Asset Class: FX Options ( FXO )
Sub Class: FXO ATM,Risk Reversals and Butterflies
Total: +2K instruments
Currency Pairs : #52 : AUDCAD ,AUDCHF ,AUDJPY ,AUDNZD ,AUDUSD ,CHFZAR ,EURAUD ,EURCHF ,EURCZK ,EURGBP ,EURHUF ,EURILS ,EURJPY ,EURNOK ,EURNZD ,EURPLN ,EURSEK ,EURTRY ,EURUSD ,EURZAR ,GBPAUD ,GBPCHF ,GBPJPY ,GBPSEK ,GBPUSD ,NOKSEK ,NZDUSD ,TRYJPY ,USDAED ,USDARS ,USDBRL ,USDCAD ,USDCHF ,USDCNH ,USDCOP ,USDHUF ,USDIDR ,USDILS ,USDINR ,USDJPY ,USDKRW ,USDMXN ,USDNOK ,USDPLN ,USDRUB ,USDSEK ,USDSGD ,USDTHB ,USDTRY ,USDTWD ,USDZAR
Tenors : 1WK to 30Y. Check tenor coverage below.

FX Options At-The-Money (ATM) - Data Coverage

FX Options At-The-Money (ATM)
USD vs Currencies ( USD/CCY )
AUDUSD,EURUSD,GBPUSD,NZDUSD,USDAED,USDARS,USDBRL,USDCAD,USDCHF USDCNH,USDCOP,USDHUF,USDIDR,USDILS,USDINR,USDJPY,USDKRW,USDMXN USDNOK,USDPLN,USDRUB,USDSEK,USDSGD,USDTHB,USDTRY,USDTWD,USDZAR
EUR vs. Currencies ( EUR/CCY )
EURAUD,EURCHF,EURCZK,EURGBP,EURHUF,EURILS,EURJPY, EURNOK,EURNZD,EURPLN,EURSEK,EURTRY,EURUSD,EURZAR
GBP vs. Currencies ( GBP/CCY )
EURGBP,GBPAUD,GBPCHF,GBPJPY,GBPSEK,GBPUSD
JPY vs. Currencies ( JPY/CCY )
AUDJPY,EURJPY,GBPJPY,TRYJPY,USDJPY
AUD/CCY
AUDCAD,AUDCHF,AUDJPY,AUDNZD,AUDUSD,EURAUD,GBPAUD
NZD/CCY
AUDNZD,EURNZD,NZDUSD
Currency Crosses
CHFZAR,NOKSEK

FX Options +10 and 25 Delta Risk Reversals - Data Coverage

FX Options +10 and 25 Delta Risk Reversals
USD vs Currencies ( USD/CCY )
AUDUSD,EURUSD,GBPUSD,NZDUSD,USDARS,USDBRL,USDCAD,USDCHF USDCNH,USDCOP,USDHUF,USDIDR,USDILS,USDINR,USDJPY,USDKRW USDMXN,USDNOK,USDPLN,USDRUB,USDSEK,USDSGD,USDTHB,USDTRY USDTWD,USDZAR
EUR vs. Currencies ( EUR/CCY )
EURAUD,EURCHF,EURCZK,EURGBP,EURHUF EURILS,EURJPY,EURNOK,EURNZD,EURPLN EURSEK,EURTRY,EURUSD,EURZAR
GBP vs. Currencies ( GBP/CCY )
EURGBP,GBPAUD,GBPJPY,GBPSEK,GBPUSD
JPY vs. Currencies ( JPY/CCY )
AUDJPY,EURJPY,GBPJPY,TRYJPY,USDJPY
AUD/CCY
AUDCAD,AUDCHF,AUDJPY,AUDNZD,AUDUSD,EURAUD,GBPAUD
NZD/CCY
AUDNZD,EURNZD,NZDUSD
Currency Crosses
NOKSEK

FX Options +10 and 25 Delta Butterflies - Data Coverage

FX Options +10 and 25 Delta Butterflies
USD vs Currencies ( USD/CCY )
AUDUSD,EURUSD,GBPUSD,NZDUSD,USDBRL,USDCAD,USDCHF USDCNH,USDCOP,USDHUF,USDIDR USDILS,USDINR,USDJPY,USDKRW USDMXN,USDNOK,USDPLN,USDRUB USDSEK,USDSGD,USDTHB,USDTRY,USDTWD,USDZAR
EUR vs. Currencies ( EUR/CCY )
EURAUD,EURCHF,EURCZK EURGBP,EURHUF,EURILS EURJPY,EURNOK,EURNZD EURPLN,EURSEK,EURUSD,EURZAR
GBP vs. Currencies ( GBP/CCY )
EURGBP,GBPAUD,GBPJPY,GBPSEK,GBPUSD
JPY vs. Currencies ( JPY/CCY )
AUDJPY,EURJPY,GBPJPY,USDJPY
AUD/CCY
AUDCHF,AUDJPY,AUDNZD,AUDUSD,EURAUD,GBPAUD
NZD/CCY
AUDNZD,EURNZD,NZDUSD
Currency Crosses
NOKSEK

Tenor Coverage

Tenors	At-The-Money (ATM) Currency Pairs
1M, 1WK, 1YR, 2M, 2W, 3M, 3W, 6M, 9M	AUDCAD,AUDCHF,AUDNZD,EURAUD,EURCZK,EURILS,EURNOK EURNZD,EURPLN,EURSEK,EURZAR,GBPJPY,NZDUSD,USDCAD USDILS,USDKRW,USDMXN,USDNOK,USDPLN,USDRUB,USDSEK USDTHB,USDTWD
1M, 1WK, 1YR, 2M, 2W, 2Y, 3M, 3W, 6M, 9M	AUDJPY, AUDUSD, EURGBP, EURJPY, USDSGD
1M, 1WK, 1YR, 2M, 3M, 6M	CHFZAR, GBPCHF, GBPSEK, NOKSEK, TRYJPY, USDARS, USDHUF, USDIDR
10Y, 12Y, 15Y, 1M, 1WK, 1YR, 20Y, 2M, 2W, 2Y, 3M, 3W, 3Y, 4Y, 5Y, 6M, 7Y, 9M	EURCHF, USDCHF
10Y, 12Y, 15Y, 1M, 1WK, 1YR, 20Y, 25Y, 2M, 2W, 2Y, 30Y, 3M, 3W, 3Y, 4Y, 5Y, 6M, 7Y, 9M	USDJPY
1M, 1WK, 1YR, 2M, 3M, 6M, 9M	GBPAUD, USDCNH
1M, 1WK, 1YR, 2M, 2W, 3M, 6M, 9M	EURHUF, USDZAR
1M, 1WK, 1YR, 2M, 2Y, 3M, 6M, 9M	USDBRL, USDCOP
1WK, 2M	EURTRY
1M, 1YR, 2M, 3M, 6M	USDINR
1M, 1WK, 1YR, 2M, 2W, 2Y, 3M, 3W, 3Y, 5Y, 6M, 9M	EURUSD, GBPUSD
18M, 1M, 1YR, 2M, 2Y, 3M, 6M, 9M	USDAED
1M, 1WK, 1YR, 2M, 2W, 2Y, 3M, 6M	USDTRY

Tenors	FX Options +10 and 25 Delta Risk Reversals
1M,1WK,1YR,2M,2W,3M,3W,6M,9M	AUDNZD,EURAUD,EURCZK,EURILS,EURNOK,EURPLN,EURSEK, GBPJPY,NZDUSD,USDCAD,USDILS,USDKRW,USDMXN,USDNOK, USDPLN,USDRUB,USDSEK,USDTHB,USDTWD
1M,1WK,1YR,2M,2W,2Y,3M,3W,6M,9M	AUDJPY,AUDUSD,EURGBP,EURJPY,USDSGD
1M,1WK,1YR,2M,3M,6M	GBPSEK,NOKSEK,TRYJPY,USDARS,USDHUF,USDIDR
1M,1YR,2M,3M,6M,9M	AUDCAD,AUDCHF,EURZAR,GBPAUD,USDBRL
10Y,12Y,15Y,1M,1WK,1YR,20Y,25Y,2M,2W,2Y,30Y,3M,3W,3Y,4Y,5Y,6M,7Y,9M	USDJPY
1M,1WK,1YR,2M,2W,3M,6M,9M	EURHUF,USDZAR
10Y,1M,1WK,1YR,2M,2W,2Y,3M,3W,3Y,4Y,5Y,6M,7Y,9M	USDCHF
1M,1WK,1YR,2M,2W,2Y,3M,3W,3Y,4Y,5Y,6M,9M	GBPUSD
10Y,15Y,1M,1WK,1YR,2M,2W,3M,3W,4Y,6M,7Y,9M/td>	EURUSD
10Y,1M,1WK,1YR,2M,2W,2Y,3M,3W,3Y,5Y,6M,7Y,9M	EURCHF
1M,1WK,1YR,2M,2W,2Y,3M,6M	USDTRY
1M,1YR,2M,2Y,3M,6M,9M	USDCOP
1M,1WK,1YR,2W,3W,6M,9M	EURTRY
1M,1YR,2M,3M,6M	USDINR
1M,1WK,1YR,2M,3M,6M,9M	EURNZD,USDCNH

Tenors	FX Options +10 and 25 Delta Butterflies
1M ,1YR ,2M ,3M ,6M	GBPSEK ,NOKSEK ,USDHUF ,USDINR
1M ,1YR ,2M ,3M ,6M ,9M	AUDCAD ,AUDCHF ,EURNZD ,EURZAR ,GBPAUD ,USDBRL
1M ,1WK ,1YR ,2M ,3M ,6M	USDIDR
1M ,1WK ,1YR ,2M ,3M ,6M ,9M	USDCNH
1M ,1YR ,2M ,2Y ,3M ,6M ,9M	USDCOP
1M ,1WK ,1YR ,2M ,2W ,3M ,6M ,9M	EURHUF ,USDZAR
1M ,1WK ,1YR ,2M ,2W ,2Y ,3M ,6M	USDTRY
1M ,1WK ,1YR ,2M ,2W ,3M ,3W ,6M ,9M	AUDNZD ,EURAUD ,EURCZK ,EURILS ,EURNOK ,EURPLN ,EURSEK ,GBPJPY ,NZDUSD ,USDCAD ,USDILS ,USDKRW ,USDMXN ,USDNOK ,USDPLN ,USDRUB ,USDSEK ,USDTHB ,USDTWD
1M ,1WK ,1YR ,2M ,2W ,2Y ,3M ,3W ,6M ,9M	AUDJPY ,AUDUSD ,EURGBP ,EURJPY ,USDCHF ,USDSGD
1M ,1WK ,1YR ,2M ,2W ,2Y ,3M ,3W ,3Y ,4Y ,5Y ,6M ,9M	GBPUSD
10Y ,1M ,1WK ,1YR ,2M ,2W ,2Y ,3M ,3W ,3Y ,5Y ,6M ,7Y ,9M	EURUSD
10Y ,1M ,1WK ,1YR ,2M ,2W ,2Y ,3M ,3W ,3Y ,4Y ,5Y ,6M ,7Y ,9M	EURCHF
10Y ,12Y ,15Y ,1M ,1WK ,1YR ,20Y ,25Y ,2M ,2W ,2Y ,30Y ,3M ,3W ,3Y ,4Y ,5Y ,6M ,7Y ,9M	USDJPY

Tradition Data Packages:

Product Code	Product Name
FXO-TIF-GLO-ALL	Global ALL
FXO-TIF-EUR-ALL	Europe, Middle East & Africa ALL

Data Dictionary:

Attribute	Description
Name	Instrument Name Instrument Format : “I” + CCY Pair + Strategic Type + Delta Value + Tenor “I” prefix letter to indicate Tradition ICAP FXO instrument Strategic Type : BF = Butterfly,RR = Risk Reversal, NO-CODE means ATM Delta Value : 10 or 25. No delta means ATM Tenor :1M, 1YR, 2M, 3M, 6M, 9M, 1WK, 2W, 3W, 2Y, 3Y, 4Y, 5Y, 7Y, 10Y, 12Y, 15Y, 20Y, 18M, 25Y, 30Y Example IAUDCADBF10_1M : is Australian Dollar/Canadian Dollar 1Month, 10 Delta Butterfly
Bid	Bid Rate
Ask	Ask Rate
Mid	Mid Rate
Date	Quote Date
Time	Quote Time (UTC)

FAQ:

Question	Answer
How many snap files are available per day?	24 files per day from 8pm-7pm EST
What is Tradition-ICAP ?	Tradition-ICAP is a prominent global player in the OTC FX options market, combining traditional voice brokering with an innovative electronic trading platform tailored for currency derivatives. It was formed in July 2000 through the merger of the OTC FX options divisions of TFS Group and ICAP plc. The company integrated the Volbroker electronic trading platform into its currency options business in November 2001, combining voice-brokered liquidity with an electronic broking system designed specifically for FX options trading. Volbroker was the first electronic inter-dealer trading platform for FX options, designed by traders for real-time performance and price transparency in the multi-trillion dollar currency derivatives market. Tradition-ICAP has offices in major financial centers including London, New York, Frankfurt, Copenhagen, Tokyo, Hong Kong, and Singapore.
What is FX Option contract?	An FX (foreign exchange) option contract is a financial derivative that gives the holder the right, but not the obligation, to exchange a specified amount of one currency for another at a predetermined exchange rate (strike price) on or before a specified expiration date.
Types of FX Option	Call Option: Grants the holder the right to buy a currency pair at the strike price. Put Option: Grants the holder the right to sell a currency pair at the strike price.
What are benefits of Tradition-ICAP FX Options Data Packages ?	Optimised valuation: Data can be used for financial reporting, independent price verification, daily/monthly P&L production and for independent price verification. Enhanced risk management: The Tradition-ICAP FX Options data packages can be used for stress testing, scenario analysis and also for simulations (historical, intraday or situational). Precision analysis: Data can be used for trading, research, portfolio management and asset allocation.
Explain one instrument as an example	IAUDCADBF10_1M is Australian Dollar/Canadian Dollar 1Month, 10 Delta Butterfly
Is Historical Data Available?	Yes,Since 2023

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