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James Mahn
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Jim began his career as an interest rate swap and FX trader for Credit Suisse and then spent the last 20 years of his career creating and managing institutional digital data, analytic and content platforms for Bloomberg, Lehman Brothers, Barclays and Citibank. As Head of Product he is responsible for ensuring that TraditionData’s product suite continually evolves to meet the needs of both the market and our customers.
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06/11/2024

Tradition Enhanced FX Options

FX Options coverage taken from pricing and trade data coupled with in-house analytics.

Tradition Enhanced FX Options Packages

US Dollar (USD) Currency Pairs
Country
Currency Pair
Tradition Enhanced FX Options Package
Argentina
USDARS
Canada
USDCAD
Switzerland
USDCHF
China (People's Republic of China)
USDCNH
China (People's Republic of China)
USDCNY
Colombia
USDCOP
Czech Republic
USDCZK
Germany
USDDKK
Hong Kong
USDHKD
Hungary
USDHUF
Indonesia
USDIDR
Israel
USDILS
India
USDINR
Japan
USDJPY
Korea, Republic of
USDKRW
Malaysia
USDMYR
Mexico
USDMXN
Norway
USDNOK
Poland
USDPLN
Romania
USDRON
Russian Federation
USDRUB
Sweden
USDSEK
Singapore
USDSGD
Thailand
USDTHB
Turkey
USDTRY
Taiwan (Republic of China)
USDTWD
South Africa
USDZAR
Euro (EUR) Currency Pairs
Country
Currency Pair
Tradition Enhanced FX Options Package
Australia
EURAUD
Canada
EURCAD
Switzerland
EURCHF
China (People's Republic of China)
EURCNH
China (People's Republic of China)
EURCNY
Colombia
EURCOP
Czech Republic
EURCZK
Denmark
EURDKK
United Kingdom
EURGBP
Hong Kong
EURHKD
Hungary
EURHUF
Indonesia
EURIDR
Israel
EURILS
India
EURINR
Japan
EURJPY
Korea, Republic of
EURKRW
Mexico
EURMXN
Malaysia
EURMYR
Norway
EURNOK
New Zealand
EURNZD
Poland
EURPLN
Romania
EURRON
Russian Federation
EURRUB
Sweden
EURSEK
Singapore
EURSGD
Turkey
EURTRY
Taiwan (Republic of China)
EURTWD
United States
EURUSD
South Africa
EURZAR
British Pound Currency Pairs
Country
Currency Pair
Tradition Enhanced FX Options Package
Australia
GBPAUD
Canada
GBPCAD
Switzerland
GBPCHF
Denmark
GBPDKK
Hong Kong
GBPHKD
India
GBPINR
Japan
GBPJPY
Korea, Republic of
GBPKRW
Mexico
GBPMXN
Norway
GBPNOK
New Zealand
GBPNZD
Poland
GBPPLN
Sweden
GBPSEK
Singapore
GBPSGD
United States
GBPUSD
South Africa
GBPZAR
Japanese Yen (JPY) Currency Pairs
Country
Currency Pair
Tradition Enhanced FX Options Package
Indonesia
JPYIDR
Israel
JPYILS
India
JPYINR
Korea, Republic of
JPYKRW
Singapore
JPYSGD
Taiwan (Republic of China)
JPYTWD
Swiss Franc (CHF) Currency Pairs
Country
Currency
Tradition Enhanced FX Options Package
Denmark
CHFDKK
Hong Kong
CHFHKD
Hungary
CHFHUF
Japan
CHFJPY
Mexico
CHFMXN
Norway
CHFNOK
Poland
CHFPLN
Sweden
CHFSEK
Singapore
CHFSGD
Turkey
CHFTRY
South Africa
CHFZAR
Canadian Dollar (CAD) Currency Pairs
Country
Currency Pair
Tradition Enhanced FX Options Package
Switzerland
CADCHF
Denmark
CADDKK
Japan
CADJPY
Mexico
CADMXN
Norway
CADNOK
Sweden
CADSEK
Singapore
CADSGD
South Africa
CADZAR
Australian Dollar (AUD) Currency Pairs
Country
Currency Pair
Tradition Enhanced FX Options Package
Canada
AUDCAD
Switzerland
AUDCHF
China (People's Republic of China)
AUDCNH
Denmark
AUDDKK
Hong Kong
AUDHKD
Japan
AUDJPY
Korea, Republic of
AUDKRW
Norway
AUDNOK
NZD
AUDNZD
Sweden
AUDSEK
Singapore
AUDSGD
United States
AUDUSD
South Africa
AUDZAR
New Zealand Dollar (NZD) Currency Pairs
Country
Currency Pair
Tradition Enhanced FX Options Package
Canada
NZDCAD
Switzerland
NZDCHF
United Kingdom
NZDGBP
Hong Kong
NZDHKD
Japan
NZDJPY
Norway
NZDNOK
Sweden
NZDSEK
Singapore
NZDSGD
United States
NZDUSD
Singapore Dollar (SGD) Currency Pairs
Country
Currency Pair
Tradition Enhanced FX Options Package
Hong Kong
SGDHKD
Indonesia
SGDIDR
Japan
SGDJPY
Malaysia
SGDMYR
Taiwan (Republic of China)
SGDTWD
Scandinavia Package (DKK, NOK, SEK) Currency Pairs
Country
Currency Pair
Tradition Enhanced FX Options Package
Japan
DKKJPY
Norway
DKKNOK
Sweden
DKKSEK
Japan
NOKJPY
Sweden
NOKSEK
Japan
SEKJPY
Chinese Yuan (CNH & CNY) Currency Pairs
Country
Currency Pair
Tradition Enhanced FX Options Package
Japan
CNHJPY
South Africa
CNHZAR
Japan
CNYJPY
South Africa
CNYZAR
Hong Kong Dollar (HKD) Currency Pairs
Country
Currency Pair
Tradition Enhanced FX Options Package
Japan
HKDJPY
Korea, Republic of
HKDKRW
Indian Rupee (INR) Currency Pairs
Country
Currency
Tradition Enhanced FX Options Package
Japan
INRJPY
South Africa
INRZAR
Thai Baht (THB) Currency Pairs
Country
Currency Pair
Tradition Enhanced FX Options Package
Japan
THBJPY
Mexican Peso (MXN) Currency Pairs
Country
Currency Pair
Tradition Enhanced FX Options Package
Japan
MXNJPY
Turkish Lira (TKY) Currency Pairs
Country
Currency Pair
Tradition Enhanced FX Options Package
Japan
TRYJPY
South Africa
TRYZAR
South African Rand (ZAR) Currency Pairs
Country
Currency Pair
Tradition Enhanced FX Option Package
Japan
ZARJPY
Precious Metals Currency Pairs
Metal
Currency Pair
Tradition Enhanced FX Option Package
Gold
XAUUSD
Silver
XAGUSD

Enquire about Tradition Enhanced FX Options

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SUMMARY

Tradition-ICAP was formed in July 2000 by the merger of the OTC FX Options divisions of the Tradition Group and ICAP plc.

Key features of Tradition Enhanced FX Options

+140 currency pairs for ATM (At-the-Money) Straddles, including 5, 10, 15, 25 & 35 Delta risk reversals and butterflies.

Volatility surfaces running from 1W up to 30 years, depending on currency and liquidity.

3 snaps per day (London, New York and Tokyo closes)

Background

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.

Tradition and Numerix have joined forces to provide a best of breed FX Options Volatility data service. This offering combines Tradition’s global market leading FX Options pricing and trade data with Numerix’s unrivaled analytics, providing the highest quality volatility surfaces in over 140 currency pairs. Numerix was founded in 1996 with the mission of bringing transparency to the pricing of financial derivatives. Since then it has established itself as the global leader of financial analytics and has evolved to become a provider of pricing and risk solutions for the capital and insurance markets.

BENEFITS

Benefits of Tradition Enhanced 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.

What are FX Options?

An FX option offers you the right, but not the obligation, to buy or sell currency at a specified rate on a specific future date. In exchange for the right, without the obligation, the holder of the option pays a “Premium”, which is the cost of the FX Option.

FX Options are derivatives based on underlying currency pairs. Trading FX Options involves a wide variety of strategies available for use in FX markets, where foreign currencies are traded. The strategy a trader may employ depends largely on the kind of option they choose and the broker or platform through which it is offered.

The characteristics of currency options trading include a decentralized FX market that varies much more widely than options in the more centralized exchanges of stock and futures markets.

Options traded in the FX marketplace differ from those in other markets in that they allow traders to trade without taking actual delivery of the asset. FX options trade over-the-counter (OTC), and traders can choose prices and expiration dates which suit their hedging or profit strategy needs. Unlike futures, where the trader must fulfil the terms of the contract, options traders do not have that obligation at expiration.

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