An option is a contract between a buyer and seller for the right to buy or sell an underlying financial product at a specific price on a particular date. With FX options, the underlying product is a currency pair.
GFT’s FX options platform offers 24-hour access to streaming quotes with similar trading hours as spot FX. Traders can trade over-the-counter vanilla calls and puts on ten currency pairs. In the FX options module, the New Order window supports several common spread strategies, including verticals, straddles, strangles and risk reversals. FX options at GFT are settled in the European-style; in-the-money options are automatically exercised as a position.
FX options customers can expect the GFT standard of fast execution, competitive spreads, access to free trading educational tools and resources, and knowledgeable 24/7 customer service.
To open an FX options account or learn more about GFT, visit http://www.gftuk.com