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Tradition-ICAP FX Options

Data coverage directly from the world’s leading voice broker and electronic platform for trading interdealer FX Options.

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Tradition-ICAP FX Options Packages

USDBRL

USDCAD

USDCHF

USDCNH

USDCNY

USDCOP

USDCZK

USDHKD

USDHUF

USDIDR

USDILS

USDINR

USDJPY

USDKRW

USDMXN

USDNOK

USDPLN

USDRUB

USDSAR

USDSEK

USDSGD

USDTHB

USDTRY

USDTWD

USDZAR

EURAUD

EURCHF

EURCZK

EURGBP

EURHUF

EURILS

EURJPY

EURNOK

EURNZD

EURPLN

EURSEK

EURTRY

EURUSD

EURZAR

GBPAUD

GBPCHF

GBPJPY

GBPSEK

GBPUSD

AUDCAD

AUDJPY

NZD

AUDNZD

AUDUSD

NZDCHF

NZDUSD

CHFZAR

NOKSEK

TRYJPY

SUMMARY

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

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.

Key features of Tradition-ICAP FX Options data packages

Tradition Data publishes real-time volatility price transparency for ATM (At-The-Money) Straddles, 25 and 10 Delta Risk Reversal and Butterflies in 57 currency pairs for ATM (At The Money), including 10 & 25 Delta for risk reversals and butterflies.

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

Related Products

Tradition Enhanced FX Options

BENEFITS

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.

What are FX Options?

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.