Platform
Instruments and coverage
OTC FX options, vanilla and structured, across G10 and the more liquid emerging market pairs. Coverage is set by what participants post, within the product scope of the venue's permissions.
| Category | Coverage | Notes |
|---|---|---|
| Product | OTC FX options | Physically settled and cash settled, per Rulebook product scope |
| Vanilla structures | Calls and puts, straddles, strangles, risk reversals, butterflies, calendar spreads | Single and multi-leg |
| Tenors | Overnight to two years | Supported |
| Delta hedge | Traded with or without delta | Spot, forward, live |
| Settlement | Bilateral between the two participants | Standard ISDA documentation between counterparties |
Precious metals options
Precious metals options are launching now
OptAxe is extending the venue to OTC precious metals options, using the same post, screen and trade protocol as FX options. Coverage, structures and tenors will be published on this page as they go live. Participants who want access from launch can register their interest with the onboarding team.
Register interest with the onboarding teamCredit and settlement
Trades executed on the venue settle bilaterally between the two participants under their existing documentation. Participants control which counterparties they are prepared to face through their own permissions.
Where coverage comes from
The venue does not make markets. Coverage at any moment reflects the axes participants have posted.
Terms used on this page
Definitions of structures, quoting conventions and venue terms are collected in the glossary.
Glossary