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Chapter 33: CURRENCY OPTIONS

In this section

  • Exchange Rate Quoting Convention
    Explore how exchange rates are quoted worldwide, including direct and indirect quotes, pips, and the role of base and quote currencies in fostering a deeper understanding of currency options.
  • Selecting the Right Option
    A thorough guide on how to choose the most suitable currency option based on market outlook, risk tolerance, and strategic objectives.
  • Unique Characteristics and Risks of North American Listed Currency Options
    Explore the specialized features, regulatory environment, and practical strategies for trading exchange-traded currency options in North America, focusing on standardized contracts, centralized clearing, and risk management considerations.
  • Trading Non-G10 Currencies (Liquidity & Volatility Considerations)
    Explore how emerging market currencies differ from G10 currencies in terms of liquidity, volatility, regulatory considerations, and hedging strategies, including NDFs and OTC options.
  • CIRO/CSA Reporting Obligations for Currency Options
    Discover key trade reporting mandates, KYC requirements, and position limits for currency options under Canadian regulation. Learn about systemic risk monitoring, large trader guidelines, and best practices for ensuring compliance with CIRO and CSA rules.

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Chapter 32: Advanced Derivatives Strategies and Applications