What are Currency Options?

The currency options market is also known as the "foreign exchange option market". Financial commodity option market with currency option contracts as trading objects. The currency options market was developed to avoid exchange rate risks under the background of frequent exchange rate fluctuations and fluctuations in the foreign exchange market today. It originated in the Philadelphia Stock Exchange in 1982, and subsequently expanded to exchanges in Chicago, Montreal, New York, London and other places, forming a global currency options market. The currency options market is the fastest growing part of the foreign exchange market. ^[1]